*Assam Petrochemicals* announced a substantial drop in standalone net profit for the quarter ended December 2008.
During the quarter, the profit of the company declined 59.80% to Rs 16.04 million from Rs 39.90 million in the same quarter previous year. Due to decline in sales and the low operating margins, the company witnessed a substantial drop in earnings. Net sales declined marginally 24.70% to Rs 133 million, while total income for the quarter fell 23.81% to Rs 144.03 million, when compared with the prior year period. The company reported earnings of Rs 1.76 a share during the quarter, registering 59.73% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 132.93 176.53 (24.70) *Net Profit* 16.04 39.90 (59.80) *Basic EPS* 1.76 4.37 (59.73) --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
