Asahi India net dips 89.89%

Date: 26 January 2006
As a result of last year's heavy flooding in the Western States, Asahi India Glass (AIS) has reported a 89.89 per cent drop in its net profit at Rs 2.47 crore for the quarter ending December 31 as compared to Rs 24.44 crore in the corresponding period last year.

While gross sales for the third quarter clocked Rs 150.21 crore, the figure for the nine-month period ending December 31 was Rs 518 crore.Attributing the fall in the performance to the temporary closing down of the company's float glass plant, Sanjay Labroo, Managing Director and CEO of AIS said, "The flooding and the resultant shut down of our float glass plant at Taloja, impacted AIS's performance during the current quarter also."

600450 Asahi India net dips 89.89%
Date: 26 January 2006

See more news about:

See more from these topics:

Others also read

Home and office owners are looking to make a style statement with the use of trendy and beautiful materials.
As one of India’s leading glass manufacturer in consumer, architectural and auto glass segments, Asahi India Glass Ltd (AIS) recently felicitated women who have succeeded in the field of architecture.
For architects, facades play a vital role from a design and structural point of view. Facades are usually known to set the tone for the complete glass infrastructure.
High-security Smartphone Feature Stylish Designs - AGC (Asahi Glass Co., Ltd.; Head Office: Tokyo; President & CEO: Takuya Shimamura) released a new cover glass for an in-glass fingerprint recognition sensor installed on a smartphone to improve security.
For those people who are eco-friendly and believe in energy efficiency, opting for solar control glass or reflective glass can be the best choice! There are many benefits and advantages of using these types of glass.   Buildings and glass have a special relation.
Asahi India Glass Limited (AIS), India’s leading integrated glass company expanded its existing portfolio in the architectural segment with the introduction of a new series under its Ecosense range of high-performance glasses (The Green Standard in Glass).

Add new comment