*Century Textiles & Industries* announced a phenomenal drop in standalone net profit for the quarter ended December 2008, due to considerable rise in expenditure, interest cost,depreciation cost, and a fall in operating margin. During the quarter, the profit of the company declined 68.21% to Rs 231.40 million from Rs 728.00 million in the same quarter previous year.
Net sales for the quarter rose 5.54% to Rs 8,914.30 million, while total income for the quarter rose marginally 4.39% to Rs 8,945.10 million, when compared with the prior year period. The company posted earnings of Rs 2.49 a share during the quarter, registering 73.57% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 8,914.30 8,446.40 5.54 *Net Profit* 231.40 728.00 (68.21) *Basic EPS* 2.49 9.42 (73.57) Interest cost increased 70.01% to Rs 337.80 million while depreciation cost rose 30.67% to Rs 525.80 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 -~----------~----~----~----~------~----~------~--~---
