Austin Engineering Company Ltd Q1 net profit at Rs.15.95 Million

Austin Engineering Company Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.15.95 million for the quarter ended June 30, 2007 as compared to Rs.11.3 million for the quarter ended June 30, 2006. Total Income has increased from Rs.156.77 million for the quarter ended June 30, 2006 to Rs.185.07 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.4.52 in Q1 2007-2008 compared to Rs.3.2 during Q1 2006-2007.

During the financial year 2006-07, the total proceeds of the Preferential Allotment received were Rs 26.880 million which were utilized for Working Capital Rs 23.757 million and Capital Expenditure Rs 3.123 million.

The stock closed the day at Rs.119.05, up by Rs.6.95 or 6.20%. The total traded quantity was 63853 compared to 2 week average of 23829. The stock hit an intraday high of Rs.123.90 and low of Rs.112.20.

Source : Equity Bulls

Keywords