Offshore drilling services provider*, Aban Offshore* disclosed a phenomenal rise in consolidated net profit for the quarter ended December 2008.
During the quarter, the profit of the company rose 4.12 times over prior year period to Rs 2,563.48 million from Rs 622.084 million in the same quarter last year. Consolidated total Income has increased 58.93% from Rs 6288.834 million for the quarter ended Dec. 31, 2007 to Rs 9995.10 million for the quarter ended Dec. 31, 2008. *Standalone results* The company disclosed a steady growth in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 16.97% to Rs 558.73 million from Rs 477.67 million in the same quarter last year. Net sales for the quarter jumped 54.88% to Rs 2,618.68 million, while total income for the quarter jumped 45.73% to Rs 2,826.07 million, when compared with the prior year period. The company reported earnings of Rs 14.79 a share during the quarter, registering 14.74% growth over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 2,618.68 1,690.74 54.88 *Net Profit* 558.73 477.67 16.97 *Basic EPS* 14.79 12.89 14.74 During the quarter, the operating margin of the company rose to 59.49% compared with 53.08% in the previous year period. Interest cost increased 3.96 times to Rs 619.83 million while depreciation cost fell 2.06% to Rs 237.94 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 -~----------~----~----~----~------~----~------~--~---
