Improved ECU realization propels net profit at Punjab Alkalies

摘要

Punjab Alkalies & Chemicals Ltd.[PACL] has reported a net profit of Rs.20.21-crore in the financial year 2004-05,denoting an increase of 248% over that of preceding financial year.According to the Annual Report for the 2004-05,this was mainly due to increase in the combined average realisation from Rs.23,500 per electrochemical unit(ECU)in 2003-04 to Rs.26,500 per ECU in 2004-05.The company's turnover has shown a growth of 13% in 2004-05 to reach Rs.^^ 209.46-crore.The profit before finance charges and depreciation at Rs.46.82-crore reflects an increase of 53% over that in the financial year 2003-04 on an annualised basis.However,in view of the accumulated losses,the Directors have expressed their inability to recommend any dividend for 2004-05.