South Asian Petro reports an increase in net profits

South Asian Petrochem Ltd (SAPL) which runs a PET plant in Haldia, West Bengal, has posted a 24.44% increase in net profit, despite a decline in net sales. Net profit for the year stood at Rs 55.5 crore as against Rs 44.6 crore in 2006-07. During the same period, net sales slipped to Rs 1,004.66 crore from Rs 1,018.66 crore in 2006-07.
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