*Ratnabali Capital Markets* announced a substantial drop in standalone net profit for the quarter ended December 2008.
During the quarter, the profit of the company declined 99.10% to Rs 0.65 million from Rs 71.97 million in the same quarter previous year.The company reported huge losses due to drop in sales and low operating margins. Net sales declined marginally 55.61% to Rs 1,918 million, while total income for the quarter fell 55.99% to Rs 1,918.71 million, when compared with the prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 1,918.31 4,321.40 (55.61) *Net Profit* 0.65 71.97 (99.10) *Basic EPS* NA 13.83 - The board of directors at its meeting held on Jan. 21, 2009 has appointed Ratnanko Banerji as a non executive independent director of the company. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
