IG Petrochemicals Ltd Q1 net up 86.42% to Rs.100.5 Million

IG Petrochemicals Ltd has announced the UnAudited financial results for the Quarter ending June 30, 2007.

The company has reported total income of Rs.1523.49 Million in Q1 2007-2008 compared to Rs.1250.18 Million during the same quarter last year (2006-2007). The company reported Net Profit of Rs.100.5 Million during Q1 2007-2008 compared to Rs.53.91 Million during Q1 2006-2007.

The Earnings Per Share (EPS) of the company stood at Rs.3.82 during Q1 2007-2008 compared to Rs.2.05 during Q1 206-2007.

The Depreciation on Plant & Machinery has been revised w.e.f. April 01, 2006 based on useful life of the assets as determined by an approved Valuer. This has resulted in decrease in Quarterly Depreciation charged by Rs 22.026 million.

The stock closed the day at Rs.68.95, up by Rs.4.15 or 6.40%. The total traded quantity was 35756 compared to 2 week average of 18857. The stock hit an intraday high of Rs.71.20 and low of Rs.66.

Source : Equity Bulls

Keywords