Century Textiles & Industries has reported result for second quarter ended September 30, 2012.
On standalone basis, the company has reported a net loss of Rs 25.66 crore for the quarter ended September 30, 2012 against net loss of Rs 32.16 crore for the corresponding period last fiscal. However, total income increased by 29.65% at Rs 1439.52 crore during the quarter under review from Rs 1110.29 crore in the year-ago period.
Century Textiles has three business verticals cement, textiles and paper. Largest revenue contribution comes from the cement business at 60% while textiles and paper verticals account for 20% each. Meanwhile, US-based International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.
