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Parry Agro's sales, net up

CHENNAI: Parry Agro Industries Ltd, part of the Murugappa group, has registered a net profit of Rs 2.09 crore on sales of Rs 20.90 crore for the quarter ended September 30, 2001 against a net profit of Rs 1 lakh on sales of Rs 19.56 crore for the same pe riod last year.

Other income for the quarter under review was Rs 5.30 crore (Rs 52 lakh), consumption of raw materials Rs 6.76 crore (Rs 2.90 crore), staff cost Rs 9.24 crore (Rs 9.43 crore), and other expenditure Rs 8.55 crore (Rs 6.81 crore). Interest charges were Rs 1.68 crore (Rs 1.67 crore), depreciation Rs 38 lakh (Rs 60 lakh), provision for taxation Rs 20 lakh (nil), and deferred tax liability Rs 13 lakh (nil).

For the half-year ended September 30, 2001 Parry Agro's net profit was Rs 3 lakh (Rs 1.25 crore) on sales of Rs 40.61 crore (Rs 40.59 crore). -- Our Bureau