CERA Apr-Dec profits rise 44%

Last Updated: Wed, Jan 19, 2011 20:10 hrs

Ceramics products maker, Ahmedabad-based Cera Sanitaryware Limited has registered a net profit of Rs 19.32 crore for the nine month period ending December 31, 2010, which was up 44.71 per cent from Rs 13.35 crore in the corresponding period last year.

The company's latest ultra modern faucet manufacturing plant was commissioned in September 2010 and has started commercial production from the plant. The product range of Faucets consists of premium products like single lever, quarter turn and other ranges.

The company's net sales income for the period April-December 2010, totaled at Rs 167.42 crores compared to Rs 132.93 crores during April-December, 2009 reflecting an increase of 26.75%. The company expects the market for Sanitaryware to be buoyant in the wake of the construction boom in the commercial and residential segments. In order to take the full advantage of the market situation, the company has begun executing its expansion programme which will enhance the production capacity to 2.7 million pieces a year from the existing level of 2 million pieces annually.