Elegant Marbles & Granite Industries Ltd Q1 net up 392% to Rs.13.10 Million

Elegant Marbles & Granite Industries Ltd has announced the unaudited financial results for the Quarter ending June 30, 2007. The company has announced an increase in net profit at 392% compared to the same quarter last year.

The company reported total income of Rs.48.59 Million in the Quarter ending June 30, 2007 compared to Rs.38.85 Million in the quarter ending June 30, 2006.

The Net Profit of the company surged to Rs.13.10 Million compared to Rs.2.66 Million during Q1 2006-2007. The Earnings Per Share (EPS) stood at Rs.2.91 in Q1 2007-2008 compared to Rs.0.59 in Q1 2006-2007.

The stock closed the day at Rs.40.15, up by Rs.0.50 or 1.26%. The stock hit an intraday high of Rs.41.30 and low of Rs.39. The total traded quantity was 600 compared to 2 week average of 2857.

Source : Equity Bulls

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