Western India Ply reports Rs78 lakh Q2 profit

KOCHI: The Western Indian Plywood Ltd, the leading manufacturers of wood-based products based in Kannur, has reported net profit of Rs78 lakh for the quarter ended September 30, 2018 compared with Rs54 lakh for the same period last year.

While the total income of the company for the said period was Rs26.13 crore against Rs21.08 crore for comparable period last year, the total expenses went up from Rs20.67 crore to Rs25.03 crore year on year.

The paid-up capital of the company was to the tune of Rs8.49 crore, whereas the total assets were at Rs89.23 crore as on September 30, 2018.

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