GHCL 1Q 2006 net up 45%

Soda ash manufacturer GHCL Ltd reported profits after tax up 45% at INR 310.4 million for the quarter ended 30 June 2006 from INR 214.7 million in the year-ago quarter, on the back of increased sales….

Soda ash manufacturer GHCL Ltd reported profits after tax up 45% at INR 310.4 million for the quarter ended 30 June 2006 from INR 214.7 million in the year-ago quarter, on the back of increased sales. GHCL also reported a jump of 19% in net sales at INR 1696.9 million in the 1Q 2006 compared with INR 1391 million in the corresponding period of 2005. “We have had an excellent performance driven by the improved efficiencies in the soda ash“s production arena duly supported by the increase in the prices of it and volume growth”, chairman Sanjay Dalmia said in a statement.