*Abhishek Industries*, engaged in producing cotton and blended yarn swung to loss for the quarter ended December 2008 on additional capital expenditure on debottlenecking of critical processes of newly installed paper and pulp machines, in order to achieve normal level of production coupled with rise in interest cost.
During the quarter, the company reported loss of Rs 122.10 million compared with a profit of Rs 144.70 million in the same quarter previous year. Net sales for the quarter rose 27.13% to Rs 3,395.75 million, while total income for the quarter rose 20.21% to Rs 3,367.73 million, when compared with the prior year period. The company reported loss of Rs 0.63 a share during the quarter compared with earnings of Rs 0.75 a share in previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 3,395.75 2,671 27.13 *Net Profit* (122.10) 144.70 - *Basic EPS* (0.63) 0.75 - During the quarter, interest cost increased 2.11 times to Rs 224.60 million while depreciation cost rose 37.81% to Rs 289.53 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 -~----------~----~----~----~------~----~------~--~---
