*Seshasayee Paper & Boards* disclosed a substantial drop in standalone net profit for the quarter ended December 2008, due to depreciation in the value of Indian Rupee against USD in respect of import bills for Coal and Wood Pulp and Foreign Currency Loans.
During the quarter, the profit of the company plunged 96.90% to Rs 4.20 million from Rs 135.70 million in the same quarter last year. Net sales for the quarter rose 13.79% to Rs 1,388.70 million, while total income for the quarter rose 13.70% to Rs 1,389.00 million, when compared with the prior year period. The company reported earnings of Rs 0.37 a share during the quarter, registering 96.93% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 1,388.70 1,220.40 13.79 *Net Profit* 4.20 135.70 (96.90) *Basic EPS* 0.37 12.06 (96.93) Interest cost increased 5.31 times to Rs 74.30 million while depreciation cost rose 80.79% to Rs 82.80 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 -~----------~----~----~----~------~----~------~--~---
