*Gujarat Alkalies & Chemicals* *(GACL) *reported a phenomenon drop in standalone net profit for the quarter ended December 2008, due to low operating margins and high interest cost.
During the quarter, the profit of the company declined 55.02% to Rs 324.50 million from Rs 721.40 million in the same quarter last year. Net sales for the quarter rose 16.40% to Rs 3,300.90 million, while total income for the quarter rose 10.24% to Rs 3,310.50 million, when compared with the prior year period. The company posted earnings of Rs 4.42 a share during the quarter, registering 54.99% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 3,300.90 2,835.90 16.40 *Net Profit* 324.50 721.40 (55.02) *Basic EPS* 4.42 9.82 (54.99) During the quarter, the operating margin of the company declined by 849 basis points to 23.56% compared with the previous year period. Interest cost increased 15.77% to Rs 64.60 million while depreciation cost rose 7.78% to Rs 270.10 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 -~----------~----~----~----~------~----~------~--~---
