Printing ink manufacturing firm DIC India today recorded nearly a seven-fold rise in net profit for the quarter ended June 30, 2010, at Rs 30.3 crore over the same quarter last fiscal.

The company, a subsidiary of Japan's Dainippon Ink and Chemicals, had an extra-ordinary gain of Rs 25.11 crore during the quarter, by way of diluting its entire stake in an unlisted firm, DIC Coatings India.

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Net sales of the company increased by 18 per cent during the reporting quarter at Rs 137.3 crore over Rs 115.57 crore in the year-ago period.

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