Micro Inks sinks into red, reports net loss of Rs.7.41 Crores

Micro Inks Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a net loss of Rs 74.10 million for the quarter ended September 30, 2006 as compared to net profit of Rs 160.90 million for the quarter ended September 30, 2005. Total Income (net of excise) has increased from Rs 2342.60 million for the quarter ended September 30, 2005 to Rs 2372.70 million for the quarter ended September 30, 2006.

The Consolidated results are as follows:

The Group has posted a net loss of Rs 95.40 million for the quarter ended September 30, 2006 as compared to net profit of Rs 151.10 million for the quarter ended September 30, 2005. Net Operating Income has increased from Rs 2780.90 million for the quarter ended September 30, 2005 to Rs 3040.80 million for the quarter ended September 30, 2006.

Source : Equity Bulls

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