Agro-chemical firm United Phosphorus today posted an over two-fold jump in net profit at Rs 119.80 crore for the second quarter ended September 30 on the back of higher sales and lower finance costs.
The company had posted a net profit of Rs 56.95 crore in the same period last year.
The total income from operations rose by five per cent at Rs 1,856 crore during the second quarter of the 2012-13 fiscal as against Rs 1,771.59 crore in the corresponding period of last year, according to the company's BSE filing.
The company's finance costs declined to Rs 86.85 crore from Rs 191.80 crore in the review period, it said.
The company's share closed at Rs 118.45 on the BSE, up by 1.46 per cent from previous closing.
United phosphorus is a global generic crop protection, chemicals and seeds company.
Recently, the company announced acquisition of a Dutch firm Agrichem along with all tangible and intangible assets, IPR, product registrations, brands, distribution network and manufacturing facilities.
Agrichem is engaged in the production, marketing and selling of crop protection products in the European agro-chemicals market.
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