Kolkata, February 4th, 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 31st 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 31st 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.”
