The Central PSU Fertilisers and Chemicals Travancore Limited (FACT), has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it has registered a net profit of Rs 3.68 crore in the quarter under review.

The company had suffered a net loss of Rs 34.54 crore in the similar quarter in the previous financial year of 2009-10. FACT has informed this in a filing at the Bombay Stock Exchange.

In a press release the company has informed that it has recorded a loss in the month of April and May.

But later in the month of June it had posted a better production and sales performance which has covered up the loss figure. Overall it has posted a net profit at the end of the quarter.

The company has also informed that, it has sold out 1, 43,667 tonnes of Factamfos during the April-June quarter of the year against 1, 38,520 tonnes in the corresponding quarter of the preceding fiscal year. FACT has sold 54,057 tonnes of Ammonium Sulphate in the reviewed quarter.