*Hindustan Zinc* disclosed a drop in standalone net profit for the quarter ended December 2008 due to decline in sales.
During the quarter, the profit of the company declined 53.02% to Rs 3,688.20 million from Rs 7,850 million in the same quarter last year. Net sales declined marginally 35.51% to Rs 10,692 million, while total income for the quarter fell 26.20% to Rs 13,054.50 million, when compared with the prior year period. The company posted earnings of Rs 8.73 a share during the quarter, registering 53.01% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 10,692 16,580 (35.51) *Net Profit* 3,688.20 7,850.00 (53.02) *Basic EPS* 8.73 18.58 (53.01) During the quarter, the operating margin of the company dropped to 28.53% compared with 62.97% in the previous year period. Interest cost decreased 27.50% to Rs 43.50 million while depreciation cost rose 31.85% to Rs 712 million over previous year period. Hindustan Zinc is engaged in mining and refining ore to produce non-ferrous metals zinc, lead and silver. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
