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23 SEPTEMBER 2020 AL CIRCLE

Maan Aluminium conferred “Two Star Export House” under Foreign Trade Policy, 2015-20

EDITED BY : HEENA IQBAL 1MINS READ

Maan Aluminium has been conferred the Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry in accordance with the provision of Foreign Trade Policy, 2015-20.

“Two Star Export House Recognition Certificate has been issued on September 10, 2020, which is being received by the Company on September 22, 2020, according to the company statement.

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Maan Aluminium, engaged in the business of manufacturing of aluminium profiles and other related activities, reported net sales of INR 49.93 crore in the June quarter 2020, down 63.26% year on year.

Net profit declined by 29.39% to stand at INR 1.61 crore in June quarter 2020. The company had reported net profit of INR 2.28 crore in June quarter 2019. EBITDA stood at INR 3.65 crore in June 2020, a drop of 32.78% from INR 5.43 crore in June 2019.

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Maan Aluminium EPS has decreased to INR 2.38 in June 2020 from INR 3.37 in June 2019.

Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020” on October 6-7, 2020. For registration, visit www.alcircleevents.com   


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EDITED BY : HEENA IQBAL 1MINS READ

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