Supreme Industries Ltd, India’s leading processors of plastic, has reported a Net profit of Rs.13 crore for the quarter ended December 31, 2007, as compared to Rs. 9.57 crore for the corresponding quarter ended December 31, 2006.Net Sales for the quarter ended December 31, 2007 stood at Rs 288 crore, as compared to Rs 267 crore for the corresponding quarter ended December 31, 2006.

Earning per share (diluted) for the quarter stood at Rs 4.73 when compared to Rs 3.47 of the previous quarter.

The Board of Directors of the Company in its meeting held on 8th January, 2008 has declared Interim Dividend of Rs. 3.50 per Equity Share as compared to Rs. 2.50 per Equity Share in previous year. Total Dividend payout including Corporate Dividend Tax would be Rs. 11.31 crores.

For the half-year ended December 31, 2007, (Financial year ending being June 30, 2008) the company posted a net profit of Rs 22.35 crore, as against Rs 19.40 crore of the corresponding half year ended December 31, 2006.

Net Sales for the half-year ended December 31, 2007, (Financial year ending being June 30, 2008) stood at Rs 542 crore, when compared to Rs 495 crore of the corresponding half year ended December 31, 2006.

Commenting on the results Mr. M P Taparia, Managing Director, Supreme Industries Limited, said, “This quarter has been satisfactory for us. We are expanding our product portfolio to cater to diverse applications of the industry. With better productivity and increased capacities now available, we are hopeful of achieving planned growth in production for the year.”

Supreme Industries has made an investment plan of Rs 270 crores for the year 06-07 and 07-08. The Company’s expansion plan including Mega Project at Gadegaon is progressing well. Production has been stabilized during January 2008. At Gadegaon the products manufactured / to be manufactured will be pipes, pallets, crates, furniture and fabricated products from cross-laminated film.

Sourced From: Sampark Public Relations Pvt Ltd

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