*REI Agro*,  a basmati rice processing and marketing company disclosed
a substantial drop in standalone net profit for the quarter ended December
2008. During the quarter, the profit of the company declined 92.29% to Rs
20.39 million from Rs 264.49 million in the same quarter last year.

Net sales for the quarter rose 25.09% to Rs 5,700.92 million, while total
income for the quarter rose 25.49% to Rs 5,721.59 million, when compared
with the prior year period.

The company posted earnings of Rs 0.54 a share during the quarter,
registering 90% decline over prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 5,700.92 4,557.59 25.09 *Net Profit* 20.39 264.49
(92.29) *Basic EPS* 0.54 5.40 (90)

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