ETC Network Ltd Q1 net up 47.18% to Rs.25.92 Million

ETC Network Ltd has announced the UnAudited financial results for the Quarter ending June 30, 2007.

The company has reported total income of Rs.135.71 Million in Q1 2007-2008 compared to Rs.124.87 Million during the same quarter last year (2006-2007). The company reported Net Profit of Rs.25.92 Million during Q1 2007-2008 compared to Rs.17.61 Million during Q1 2006-2007.

The Earnings Per Share (EPS) of the company stood at Rs.1.87 during Q1 2007-2008 compared to Rs.1.18 during Q1 206-2007.

The company purchased 1,16,781 equity shares from the market at an aggregate cost of Rs 6.077 million during the quarter. With these, the buyback was completed during the quarter with aggregate purchases of 10,71,401 shares at cost Rs 52.461 million.

The stock closed the day at Rs.54.50, down by Rs.0.30 or 0.55%. The total traded quantity was 22500 compared to 2 week average of 10081. The stock hit an intraday high of Rs.56.90 and low of Rs.54.50.

Source : Equity Bulls

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