*GVK Power & Infrastructure* reported a decline in consolidated net profit for the quarter ended December 2008.
During the quarter, the net profit after tax & minority interest of the company declined 44.73% over prior year period to Rs 223 million from Rs 403.50 million in the same quarter last year. Consolidated total income decreased 11.95% from Rs 1,226.80 million for the quarter ended Dec. 31, 2007 to Rs 1,080.20 million for the quarter ended Dec. 31, 2008. *Standalone results* The company announced a phenomenal drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 90.72% to Rs 33 million from Rs 355.60 million in the same quarter previous year. Net sales for the quarter surged 70.79% to Rs 64.90 million, while total income for the quarter fell 80.12% to Rs 82.50 million, when compared with the prior year period. The company reported earnings of Rs 0.02 a share during the quarter, registering 99.24% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 64.90 38.00 70.79 *Net Profit* 33.00 355.60 (90.72) *Basic EPS* 0.02 2.62 (99.24) --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
