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Micro Inks announces Q1 results



Posted On : 2006-07-15 09:58:25( TIMEZONE : IST )

Micro Inks announces Q1 results

Micro Inks Ltd has announced the following Unaudited Results for the quarter ended June 30, 2006:

The Company has posted a net loss of Rs 137.40 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to net profit of Rs 228.30 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 2079.80 million in Q1 FY 05-06 to Rs 2344.50 million for Q1 FY 06-07.

The Consolidated Results are as follows:

The Group has posted a net loss of Rs 126.00 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to net profit of Rs 164.40 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Net Operating Income has increased from Rs 2472.60 million in Q1 FY 05-06 to Rs 2727.30 million for Q1 FY 06-07.

Further the Company has informed that, the Board of Directors of the Company, subject to the necessary approvals and permissions that may be required, has decided to de-list 3,013,341 Global Depository Receipts (GDRs) from the Luxembourg Stock Exchange as all the GDRs have been converted into underlying equity shares.

Source : Equity Bulls

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