Signet Industries reports 6% rise in Q1 net profit

08 Aug 2012

Signet Industries has reported results for first quarter ended June 30, 2012.

The company has reported a rise of 5.68% in its net profit at Rs 3.35 crore for the quarter under review as compared to Rs 3.17 crore for the same quarter in the previous year. The total income from operation of the company has increased by 33.98% at Rs 139.51 crore for Q1FY13 as compared Rs 104.13 crore for the corresponding quarter previous year.

The company is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins. The company also involves in the manufacture of various plastic products; and the distribution of chemical products, including food chemicals, phosphate, and paints.

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