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Kolkata, February 4^th, 2019: India’s leading plywood company, Century Plyboards (I) Ltd., today announced its Results for Third Quarter of FY 19-20.

Highlights:

• Net Revenue from operations for Third Quarter, ending 31^st December, 2019-20 Fiscal Year, was Rs. 595.42 cr. an increase of 3% over corresponding period of last Financial Year Rs.  578.89 cr.
  
   
• Profit after Tax for the Quarter ending 31^st December, 2019-20 was Rs. 19.09 cr. showing a Decrease of (54%) over corresponding period of last Financial Year Rs. 41.41 cr, mainly profit reduced due to impairment of assets of overseas Laos unit taken amouting to Rs. 45.63 cr.
  
   
• MDF Division have performed exceptionally well during the Quarter under review. All other divisions were stable and performed consistently.
  
   

Business Outlook:

Commenting on the Company’s Performance, Mr. Keshav Bhajanka, Executive Director, Century Plyboards(I) Ltd said, ” Our standard performer is MDF, gaining almost 10% growth in terms of volume where the EBITDA figure has been more than 25%. We are looking forward to 10-20% return in the last quarter as well.”

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).

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