K S Oils Q1 PAT at Rs 41 crore

NEW DELHI: K S Oils on Monday announced profit after tax of Rs. 41.02 crore for the first quarter of the current fiscal, a 75.55% growth from that in the corresponding period a year ago.

The company had a PAT of Rs. 23.50 crore in first quarter of FY'2008, the company said in a statement. Total sales rose 90.74% to Rs. 696.13 crore in the June quarter, against Rs. 364.96 crore in the corresponding period last year, the statement said.

The board has declared a dividend of 18% on shares of face value of Rs. 1 for 2007-08. "The improved performance during the first quarter is attributed to our FMCG led retail sales focus. This has led to better profit realisation per unit and complimented by the implementation of an effective supply chain management system," K S Oils Managing Director, Sanjay Agarwal, said. - PTI