The country's largest private ship-building company,ABG Shipyard,said that it has clocked a 38.32 per cent increase in its net sales to Rs 555.48-crore as against Rs 401.58-crore in the year-ago period. Its net profit rose 22.70 per cent from Rs 45.86-crore in the reporting quarter to Rs 56.2-crore,a press release issued here stated. For the first-half of FY 11,its revenue increased 26.45 per cent to Rs 1,004.93-crore as against Rs 794.69-crore in the year-ago period. Its net profit for the period stood at Rs 94.68-crore,the release said. ABG is an established manufacturer of marine ships,including bulk carriers,deck barges,interceptor boats,anchor handling supply ships,driving support ships,tugs and off-shore vessels.
