*Cords Cable Industries*, engaged in the manufacture and marketing of cables, announced a phenomenonal drop in standalone net profit for the quarter ended December 2008 on account of high input, interest and depreciation costs. During the quarter, the profit of the company declined 65.93% to Rs 12.24 million from Rs 35.93 million in the same quarter previous year.
Net sales for the quarter rose 27.72% to Rs 661.75 million, while total income for the quarter rose 29.20% to Rs 671.01 million, when compared with the prior year period. The company reported earnings of Rs 1.07 a share during the quarter, registering 76.06% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 661.75 518.12 27.72 *Net Profit* 12.24 35.93 (65.93) *Basic EPS* 1.07 4.47 (76.06) During the quarter, the operating margin of the company declined by 601.62 basis points to 8.15% compared with the previous year period. Interest cost increased 92.29% to Rs 35.65 million while depreciation cost rose 3.70 times to Rs 8.10 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 -~----------~----~----~----~------~----~------~--~---
