Edible oil maker KS Oils Ltd said it registered a 2.6% increase in its net profit to Rs50.5 crore for the quarter ended 30 June 2010, as compared to Rs49.2 crore during the same period last year.
The company has clocked its turnover of Rs1,030 crore during the June quarter, a 13.6% jump, as against Rs907 crore the year-ago period, KS Oils said in a statement.
During the quarter, KS Oils strengthened its presence in North India with a distributor led retail push in Jammu and Kashmir, Himachal Pradesh, Rajasthan, Punjab, Haryana and Himachal Pradesh. It added 43 new distributors during the quarter, strengthening the company's network to 1,313 distributors, KS Oils said.
The plantation work in Indonesia and Malaysia is progressing as per schedule.
On Tuesday, KS Oils shares ended 1.2% down at Rs50 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.5% to 18,645 points.
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