Moneycontrol Bureau
Shares of Century Plyboards jumped over 10 percent on its third quarter results. The company reported net profit of Rs 19.74 crore in December quarter compared to net loss of Rs 8.23 crore in the year-ago period.
During the period, its net sales stood at Rs 276 crore. For the nine-month period (April to December 2013), profit rose four fold to Rs 38 crore.
Century Plyboards (India) manufactures, sells, and exports plywood and veneer. The company offers commercial, marine, concrete, shuttering, and decorative plywood.
At 13:41 hrs Century Plyboards was quoting at Rs 27.60, up Rs 2.00, or 7.81 percent. It was trading with volumes of 149,079 shares, compared to its five day average of 196,234 shares, a decrease of -24.03 percent.
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