*Kirloskar Oil Engines*, part of Kirloskar group announced a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 54.09% to Rs 99.90 million from Rs 217.60 million in the same quarter previous year.
Net sales declined marginally 7.91% to Rs 4,946 million, while total income for the quarter fell 7.85% to Rs 4,968.50 million, when compared with the prior year period. The company reported earnings of Rs 0.50 a share during the quarter, registering 55.36% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 4,945.90 5,371.00 (7.91) *Net Profit* 99.90 217.60 (54.09) *Basic EPS* 0.50 1.12 (55.36) Announcing the results, Sanjay Agarwal, Managing Director, K S Oils commented, ``Strong consumer demand for healthy oil is helping us grow on a steady basis. Retail led brand sales and increased geographic penetration in Central and Western India is helping us expand and grow our markets and increase profitability continuously. We are strengthening our flagship brand Kalash across India.`` --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
