*Pidilite Industries*, a leading player in the synthetic adhesive market swung to loss for the quarter ended December 2008. Sharp decline in non business income (98.06%) backed with rise in interest (87.25%) and depreciation cost (20.10%) were some of the factors which pulled the company in the loss zone.
During the quarter, the company reported loss of Rs 92.70 million compared with a profit of Rs 409.00 million in the same quarter last year. Net sales for the quarter rose 5.40% to Rs 4,098.90 million, while total income for the quarter rose marginally 2.85% to Rs 4,100.80 million, when compared with the prior year period. The company posted loss of Rs 0.37 a share during the quarter compared with earnings of Rs 1.62 a share in previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 4,098.90 3,889 5.40 *Net Profit* (92.70) 409 - *Basic EPS* (0.37) 1.62 - During the quarter, the interest cost increased 87.25% to Rs 95.50 million while depreciation cost rose 20.11% to Rs 114.10 million over previous year period. Meanwhile the other income of the company fell 98.06% to Rs 1.9 million during December 2008 quarter --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
