Performance Highlights for the Half Year ended 30th September 2006
| Canbank Factors Limited has posted 45.09% growth in factoring volume for the half year ended September 2006. The Factoring Volume stood at Rs.1686.02 Crores as against Rs.1162.04 Crores in the corresponding period of the previous year. The funds deployed in the business (Funds-In-Use) have risen to Rs.755.92 Crores as against Rs.447.54 crores in the previous year registering an impressive growth of 68.91%. Profit Before Tax and Profit After Tax stood at Rs.11.01 Crores and Rs.7.31 Crores respectively as against Rs. 8.75 Crores and Rs.5.80 Crores during the pervious year, registering a growth of 25.83% and 26.03% respectively. |
PERFORMANCE HIGHLIGHTS FOR THE HALF YEAR ENDED 30.09.2006 (Un-Audited) |
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(Rs. In Crores) |
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Current Year Actuals for the half year ended 30/09/2006 |
Previous Year Actuals for the half year ended 30/09/2005 |
(Growth %) |
|
Factoring Volume |
1686.02 |
1162.04 |
45.09% |
Funds-In-Use |
755.92 |
447.54 |
68.91% |
Average Funds-In-Use |
608.03 |
416.55 |
45.97% |
Profit Before Tax |
11.01 |
8.75 |
25.83% |
Profit After Tax |
7.31 |
5.80 |
26.03% |
G R SESHADRI
DATE: 7th October 2006 MANAGING DIRECTOR