FCI OEN Connectors Ltd turnover at Rs.132 Crores, net profit at Rs.16 Crores

- Turnover of Rs.132 Crores for the 9 months, An increase of 27%
- Net Profit of Rs.16 Crores for the 9 months, An increase of 25%
- Net Profit of Rs.5.5 Crores for the Quarter, An incerase of 17%

FCI OEN Connectors Ltd has announced its unaudited results for the third quarter of 2006. Sales turnover grew by 38% to Rs.49 Crores from Rs.36 Crores in the corresponding quarter of 2005. PBT increased by 17% to Rs.6.3 Crores. Net Profit went up by 17% to Rs.5.5 Crores.

Performance highlights of the 9 months of current financial year are:

- Sales Turnover has grown by 27% to Rs.132 Crores.
- PBT increased by 26% to Rs.24 Crores.
- Net Profit increased by 25% to Rs.16 Crores.
EPS has gone up by 25% to Rs.25.74.

Exports have registered an all time high at Rs.77 Crores for the 9 months period. Exports are now 58% of the total sales. Connectors are now exported to more than 32 countries.

Major part of the domestic business came from the telecom and data markets. These sectors are expected to continue the growth in the fourth quarter also.

Commenting on the results, P George Varghese, Managing Director said: "I am happy that we could report a better performance, despite the adverse metal price hike during the period. Our wide product portfolio helped us to enhance shareholder value".

Source : Equity Bulls

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