Century Textiles & Industries has reported results for third quarter ended December 31, 2016.
The company has reported a net profit of Rs 13.89 crore for the quarter as compared to net loss of Rs 8.5 crore for the same quarter in the previous year. However, total income of the company decreased by 8.36% at Rs 1978.00 crore for quarter under review as compared to Rs 2158.37 crore for the quarter ended December 31, 2015.
Incorporated in the year 1897 as a Public Limited Company, Century Textiles and Industries had only one industrial unit - Cotton Textile Mills till 1951. Since then the company has made rapid progress in widely diverse fields. At present, the company is a trendsetter in cotton textiles and has a remarkable presence in the yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulphuric acid, salt, cement, and pulp and paper industries.