Finolex Cables Q1 net up 41% to Rs.318.10 Million

Finolex Cables Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 318.10 million for the quarter ended June 30, 2007 as compared to Rs 225.60 million for the quarter ended June 30, 2006. Total Income net of excise has increased from Rs 2252.90 million for the quarter ended June 30, 2006 to Rs 3270.30 million for the quarter ended June 30, 2007.

The stock was trading at Rs.99.75, up by Rs.0.90 or 0.91%. The stock hit an intraday high of Rs.102.40 and low of Rs.97.60. The total traded quantity was 74267 compared to 2 week average of 31070.

Source : Equity Bulls

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