Shiva Cement Ltd Quarterly profit at Rs.3.08 Crores

Shiva Cement Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.30.88 million for the quarter ended June 30, 2007 where as the same was at Rs.9.8 million for the quarter ended June 30, 2006. Total Income is Rs.71.62 million for the quarter ended June 30, 2007 where as the same was at Rs.71.46 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.0.24 for Quarter ended June 30, 2007 compared to Rs.0.14 reported during Quarter ended June 30, 2006.

Cement mill & Kiln were closed for 42 days & 28 days respectively during the quarter. The Board of Directors has alloted 460 lacs Equity Shares and 257 lacs Equity Share Warrants during the quarter.

The stock was trading at Rs.9.17, up by Rs.0.14 or 1.55%. The stock hit an intraday high of Rs.9.40 and low of Rs.9.01. The total traded quantity was 886484 compared to 2 week average of 1196007.

Source : Equity Bulls

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