Date:27/10/2004 URL: http://www.thehindubusinessline.com/2004/10/27/stories/2004102702880200.htm

Back Berger Paints net falls 8%

Our Bureau

KOLKATA: Berger Paints has registered 13 per cent growth in sales for the second quarter ended September 30, 2004, compared to the corresponding quarter of the previous financial year.

However, the company's net profit in this quarter fell by 8 per cent. It dropped to Rs 12.31 crore from Rs 14.14 crore. Sales went up to Rs 239 crore from Rs 211.37 crore.

Other income of the company dropped to Rs 92 lakh from Rs 120 lakh. Similarly interest payout also dropped to Rs 80 lakh from Rs 86 lakh. In the last quarter, the company recorded expenditure to the tune of Rs 50 lakh on account of voluntary retirement and gratuity for its employees.