*Shree Digvijay Cement Company* reported a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 50.82% to Rs 48.20 million from Rs 98 million in the same quarter last year.
Net sales for the quarter rose 14.33% to Rs 692.50 million, while total income for the quarter rose 12.62% to Rs 693.60 million, when compared with the prior year period. The company reported earnings of Rs 0.34 a share during the quarter, registering 50.72% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 692.50 605.70 14.33 *Net Profit* 48.20 98.00 (50.82) *Basic EPS* 0.34 0.69 (50.72) During the quarter, the operating margin of the company dropped by 627.27 basis points to 13.24% compared with the previous year period. *Outcome of board meeting* The board of directors at its meeting held on Jan. 27, 2009, has decided and approved to convene an extra-ordinary general meeting of its shareholders on Feb. 24, 2009 to seek approval under section 81(1-A) of the companies act, 1956 for preferential allotment of non-cumulative compulsory convertible preference shares aggregating Rs 1 billion entitled to dividend at the rate of 6% per annum, to the promoters of the company, Cimpor Inversiones SA in order to strengthen the capital base of the company. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
