*Shree Renuka Sugars* (Q<http://myiris.com/shares/company/quoteShow.php?icode=SHRRENSU>, N <http://myiris.com/shares/news/corporateNews.php?cSelect=5&icode=SHRRENSU> ,C <http://myiris.com/shares/company/chartShow.php?cSelect=2&icode=SHRRENSU> ,F)<http://myiris.com/shares/company/financial.php?cSelect=3&icode=SHRRENSU>* announced a decline of 61.54% in the consolidated profit after period adjustments in December 2008 quarter, on account of sharp rise in raw material and depreciation cost.
During the quarter, the consolidated profit after prior period adjustments was at Rs 110 million as compared to Rs 286 million over the prior year period. Total income however has increased 80.06% to Rs 4028 million as compared to the same quarter prior year. The company reported a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 62.87% to Rs 101 million from Rs 272 million in the same quarter previous year . Net sales for the quarter surged 76.47% to Rs 3,383 million, while total income for the quarter jumped 81.16% to Rs 3,395 million, when compared with the prior year period. The company posted earnings of Rs 0.37 a share during the quarter, registering 88.89% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 3,383 1,917. 76.47 *Net Profit* 101 272 (62.87) *Basic EPS* 0.37 3.33 (88.89) During the quarter, interest cost increased 3.12 times to Rs 290 million while depreciation cost rose 67.50% to Rs 134 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 -~----------~----~----~----~------~----~------~--~---
