Mangalore Chemicals and Fertilizers Ltd (MCFL) today reported a net profit of Rs 7.73 crore for the third quarter on higher sales. It had posted a net loss of Rs 3.63 crore in the year-ago period. Net sales of the firm increased to Rs 550.22 crore the quarter review from Rs 514.96 crore a year ago, the company said in a regulatory filing. Its expenses also rose to Rs 516.14 crore from Rs 496.10 crore in the the corresponding quarter last fiscal. MCFL has a urea plant near Mangalore port with an annual capacity of about four lakh tonnes three lakh tonnes of phosphatic fertilisers.

Source: dna January 28, 2017 11:44 UTC