*Blue Star* disclosed decline in standalone net profit for the quarter ended
December 2008. During the quarter, the profit of the company declined 9.17%
to Rs 321.90 million from Rs 354.40 million in the same quarter previous
year.

Net sales for the quarter rose 10.07% to Rs 5,667.20 million, while total
income for the quarter rose 10.06% to Rs 5,668.20 million, when compared
with the prior year period.

The company posted earnings of Rs 3.58 a share during the quarter,
registering 9.14% decline over prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 5,667.20 5,148.80 10.07 *Net Profit* 321.90 354.40
(9.17) *Basic EPS* 3.58 3.94 (9.14)

During the quarter, interest cost increased 3.34 times to Rs 52.50 million
while depreciation cost rose 26.35% to Rs 70.00 million over previous year
period.

The results of the quarter ended Dec. 31, 2008 include the results of the
Electrical Contacting business acquired from Naseer Electricals Pvt. on Jan
24, 2008 and to that extent are not comparable with the results for the
quarter ended Dec. 31, 2007.

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