VST Industries Ltd net profit up 25.61% to Rs.18.83 Crores

VST Industries 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.188.3 million for the quarter ended June 30, 2007 as compared to Rs.149.9 million for the quarter ended June 30, 2006. Total Income has marginally decreased from Rs.862.6 million for the quarter ended June 30, 2006 to Rs.854.2 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.12.2 in Quarter ending June 30, 2007 compared to Rs.9.71 during Quarter ending June 30, 2006.

Consequent to the amendment of Central Sales Tax Act 1956 and Additional Duties of Excise (Goods of Special Importance) Act 1956 enabling States to levy Value Added Tax (VAT) on tobacco products major states in which the Company operates in have since levied VAT @ 12.5% on Cigarettes. The Sales (Gross) above are shown net of VAT.

The stock closed the day at Rs.360, up by Rs.5.70 or 1.61%. The total traded quantity was 16 compared to 2 week average of 1139. The stock hit an intraday high of Rs.363.80 and low of Rs.360.

Source : Equity Bulls

Keywords