BUSINESS

Coromandel Fertilisers’ Q1 net at Rs. 52 crore

CHENNAI: Coromandel Fertilisers (CFL) has reported a net profit of Rs. 52.15 crore in the first quarter ended June 30, 2009 against Rs. 193.86 crore in the year-ago period. The profit before tax for the quarter is Rs. 76.15 crore as compared to Rs. 306.36 crore in the previous year which included an exceptional income of Rs. 158.59 crore received from Foskor of South Africa under business assistance agreement. The turnover was higher at Rs. 1,587.98 crore against Rs. 1,400.39 crore. — Corporate Reporter

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