Web Exclusive | August 2019
Century Textiles’ net profit rises 11%
Century Textiles and Industries (CTIL) reported a 11.06 per cent rise in consolidated net profit at Rs 180.62 crore for the quarter ended June 30, 2019. It had posted a net profit of Rs 162.62 crore in the corresponding quarter a year ago. The company’s total income during the quarter under review was Rs 881.08 crore, down 10.37 per cent as against Rs 983.07 crore in the corresponding quarter of the previous fiscal.
Total expenses stood at Rs 769.98 crore in the first quarter of the current fiscal, down 3.62 per cent as compared with Rs 798.96 crore reported in the same period a year ago.