South Asian Petrochem swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 157.48 million compared to a profit of Rs 17.90 million registered in the corresponding quarter last year.
Net sales for the quarter rose 27.63% to Rs 2,762.67 million, while total income for the quarter rose 27.13% to Rs 2,777.13 million, when compared with the prior year period. The company posted loss of Rs 0.68 a share during the quarter compared with earnings of Rs 0.09 a share in prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 2,762.67 2,164.60 27.63 *Net Profit* (157.48) 17.90 - *Basic EPS* (0.68) 0.09 - During the year 2007-08 the company raised Rs 741.623 million by preferential allotment of equity shares and equity share warrants and Rs 786.400 million from the issue of the FCCB. Out of the net proceeds after meeting issue expenses, Rs 99.709 million has been utilized as an advance towards equity participation in new overseas project. The balance unutilized money will be invested in securities or will be kept with banks. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
