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Stock Report
Finolex Industries Q1 total income at Rs.2366.75 Million, net profit at Rs.24.49 Crores
Posted On : 2007-07-15 10:16:35( TIMEZONE : IST )
Finolex Industries Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.
The Company has posted a net profit of Rs 244.926 million for the quarter ended June 30, 2007 as compared to Rs 95.597 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 2366.752 million for the quarter ended June 30, 2006 to Rs 3148.207 million for the quarter ended June 30, 2007.
The company has reported an Earnings Per Share (EPS) of Rs.1.97 during Q1 2007-2008 against Rs.0.77 reported during the same quarter last year.
The company has reported other income of Rs.350.81 Million during Q1 2007-2008. The Other income includes Rs 257.720 million towards gain on conversion / settlement of liability denominated in foreign currency for purchase of raw material.
The stock closed on Friday at Rs.87.35, up by Rs.0.45 or 0.52%. The total traded quantity was 568131 compared to 2 week average of 216615. The stock hit an intraday high of Rs.89.60 and low of Rs.86.15.
