*Gujarat Mineral Development Corporation*, engaged in the development and extraction of major mineral resources, announced a decline in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 19.88% to Rs 747.12 million from Rs 932.51 million in the same quarter previous year.
Net sales for the quarter rose marginally 2.53% to Rs 2,637.24 million, while total income for the quarter fell marginally 4.39% to Rs 2,691.17 million, when compared with the prior year period. The company posted earnings of Rs 2.35 a share during the quarter, registering 59.90% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 2,637.24 2,572.27 2.53 *Net Profit* 747.12 932.51 (19.88) *Basic EPS* 2.35 5.86 (59.90) During the quarter, the operating margin of the company fell by 336.38 basis points to 54.02% compared with the previous year period. Interest cost decreased 18.19% to Rs 131.31 million while depreciation cost fell 32.07% to Rs 239.07 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 -~----------~----~----~----~------~----~------~--~---
