Ashapura Minechem swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 778.89 million compared with a profit of Rs 369.40 million in the same quarter last year.
Net sales declined 42% to Rs 2,064 million, while total income for the quarter fell 41.43% to Rs 2,110.53 million, when compared with the prior year period. During the quarter, the company reported loss of Rs 9.86 a share. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 2,064.18 3,558.90 (42) *Net Profit* (778.89) 369.40 - *Basic EPS* (9.86) NA During the quarter, the interest cost increased 65.28% to Rs 47.93 million while depreciation cost rose 37.60% to Rs 17.20 million over previous year period. The company manufactures mines and processes industrial minerals like bentonite, bauxite, barites and value-added products like kaolin, bleaching clay, calcined bauxite and geosynthetic clay liners. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
