*JK Tyre and Industries*, one of the leading automotive tyre manufacturers in India swung to loss for the quarter ended December 2008 on account of severe impact in the demand due to the unprecedented global economic slowdown affecting the automobile sector in no small measure.
Furthermore, steep increase in cost of raw materials and inputs also pulled down the company to losses. During the quarter, the company reported loss of Rs 273.80 million compared with a profit of Rs 217.40 million in the same quarter last year. Net sales for the quarter rose marginally by 8.21% to Rs 7,822.10 million, while total income for the quarter rose 7.83% to Rs 7,823.00 million, when compared with the prior year period. The company posted loss of Rs 6.67 a share during the quarter compared with earnings of Rs 7.06 a share in previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 7,822.10 7,228.80 8.21 *Net Profit* (273.80) 217.40 - *Basic EPS* (6.67) 7.06 - --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
