*India Cements*, South India`s largest cement producer announced a substantial drop in standalone net profit for the quarter ended December 2008 on sharp fall in non-business income.
During the quarter, the company reported a steep fall of 96.02% in the non business income which stood at Rs 1.20 million as against Rs 30.20 million over the prior year period. Meanwhile the profit of the company declined 51.27% to Rs 619.10 million from Rs 1,270.50 million in the same quarter last year. Net sales for the quarter rose marginally 2.71% to Rs 8,776.60 million, while total income for the quarter rose marginally 2.36% to Rs 8,777.80 million, when compared with the prior year period. The company reported earnings of Rs 2.20 a share during the quarter, registering 54.73% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 8,776.60 8,545.40 2.71 *Net Profit* 619.10 1,270.50 (51.27) *Basic EPS* 2.20 4.86 (54.73) --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
