Uflex Q2 net profit at Rs. 57 crore

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Uflex, the BSE and NSE listed, India's largest flexible packaging company has achieved the consolidated revenue for the September quarter of 2011 of Rs. 1097 crore as against Rs. 859 crore for the same quarter last year, (up 28%). The higher revenue growth is attributed to new capacity expansion and increased utilization. However, the consolidated net profit for the quarter ended 30th Sept, 2011 has been lower at Rs. 57 crore as against Rs. 203 crore for the same period last year. The lower profit has been due to drop in gross margins of PET film and higher input & other operating costs during the said period. ...cont´d

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