*Titan Industries* announced a substantial drop in standalone net profit for the quarter ended December 2008, on account of higher expenditure and depreciation cost. During the quarter, the profit of the company declined 61.84% to Rs 117.70 million from Rs 308.40 million in the same quarter previous year.
Net sales for the quarter rose 25.89% to Rs 10,240.30 million, while total income for the quarter rose 25.94% to Rs 10,250.20 million, when compared with the prior year period. The company posted earnings of Rs 2.65 a share during the quarter, registering 61.87% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 10,240.30 8,134.50 25.89 *Net Profit* 117.70 308.40 (61.84) *Basic EPS* 2.65 6.95 (61.87) During the quarter, interest cost increased 9.38% to Rs 56 million while depreciation cost rose 7.35% to Rs 78.90 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 -~----------~----~----~----~------~----~------~--~---
