Foseco India reported a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 58.23% to Rs 22.93 million from Rs 54.90 million in the same quarter previous year.
Net sales declined 20.24% to Rs 323.36 million, while total income for the quarter fell 20.60% to Rs 326.24 million, when compared with the prior year period. The company posted earnings of Rs 3.59 a share during the quarter, registering 58.26% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 323.36 405.43 (20.24) *Net Profit* 22.93 54.90 (58.23) *Basic EPS* 3.59 8.60 (58.26) Interest cost increased 5.60 times to Rs 1.40 million while depreciation cost rose 61% to Rs 9.95 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
