Leading natural gas company, GAIL (Q<http://myiris.com/shares/company/quoteShow.php?icode=GASAUTIA>, N <http://myiris.com/shares/news/corporateNews.php?cSelect=5&icode=GASAUTIA> ,C <http://myiris.com/shares/company/chartShow.php?cSelect=2&icode=GASAUTIA> ,F)<http://myiris.com/shares/company/financial.php?cSelect=3&icode=GASAUTIA>* India announced a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 59.22% to Rs 2,533.60 million from Rs 6,213.20 million in the same quarter last year.
Net sales for the quarter climbed 35.31% to Rs 58,160.20 million, while total income for the quarter rose 34.88% to Rs 60,468.10 million, when compared with the prior year period. The decrease in profit during the quarter despite an increase in turnover was mainly due to the increased subsidy burden during the third quarter of the current financial year as against the corresponding period last year, the company said. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 58,160.20 42,983.30 35.31 *Net Profit* 2,533.60 6,213.20 (59.22) *Basic EPS* 2.00 7.35 (72.79) During the quarter, the operating margin of the company dropped to 4.65% compared with 20.29% in the previous year period. Interest cost decreased 5.32% to Rs 185.10 million while depreciation cost fell 0.94% to Rs 1,373.90 million over previous year period. The company posted earnings of Rs 2 a share during the quarter, registering 72.79% decline over prior year period. *Interim dividend *The board of directors at its meeting held on Jan. 28, 2009, has approved first interim dividend of 40% on the paid up equity share capital of the company for the financial year 2008-09. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
