Century Plyboards (I) reported a higher net profit of INR53.70 crore for the first-quarter ended June 30, 2011, compared to a INR51.44 crore net in the earlier corresponding period. Turnover during the April-June period too was up 34.57 % at INR482.27 crore (INR358.39 crore).
Century Plyboards’ is in the process of expanding its cement, plywood, laminate and pre laminated board capacities. In a media statement issued after the company’s board meeting, Century Plyboards (I) officials said expansion plans to increase cement capacity from 1.2Mt to 4.4Mt are progressing as per schedule. The plan includes setting up of a new 1.75Mt clinker unit and grinding units with capacities of 1.6Mt each at Guwahati and at Kahalgaon.