Positive second quarter results for Excel Crop Care

Date:12-17-2007

Indian company Excel Crop Care (Mumbai) closed the second quarter ending September 30th 2007 recording sales of Rs 1,583 million ($40.1 million), a rise of 11.2% over the corresponding quarter last year. The profit before tax and adjustments was Rs 145.9 million, which was a 23.3% increase over last year. Half-yearly sales increased by 23.2% to Rs 3,097.7 million. Excel Crop Care acquired the agricultural input marketing business of Excel Industries in May, which was expected to enhance its sales in the current fiscal year.