Essel Propack announces Q4 & FY 06 results, Q4 net profit at Rs.121 million

Essel Propack Ltd has announced the following Unaudited results for the quarter & year ended December 31, 2006:

The results for the quarter ended December 31, 2006:

The Company has posted a net profit of Rs 121 million for the quarter ended December 31, 2006 as compared to Rs 114 million for the quarter ended December 31, 2005. Total Income has increased from Rs 695 million for the quarter ended December 31, 2005 to Rs 858 million for the quarter ended December 31, 2006.

The results for the year ended December 31, 2006:

The Company has posted a net profit of Rs 411 million for the year ended December 31, 2006 as compared to Rs 460 million for the year ended December 31, 2005. Total Income has increased from Rs 2617 million for the year ended December 31, 2005 to Rs 2934 million for the year ended December 31, 2006.

The Consolidated Results are as follows:

The results for the quarter ended December 31, 2006:

The Group has posted a net profit of Rs 301 million for the quarter ended December 31, 2006 as compared to Rs 273 million for the quarter ended December 31, 2005. Total Income has increased from Rs 2332 million for the quarter ended December 31, 2005 to Rs 3056 million for the quarter ended December 31, 2006.

The results for the year ended December 31, 2006:

The Group has posted a net profit of Rs 985 million for the year ended December 31, 2006 as compared to Rs 902 million for the year ended December 31, 2005. Total Income has increased from Rs 8337 million for the year ended December 31, 2005 to Rs 10324 million for the year ended December 31, 2006.

The figures for the year ended December 31, 2005 are Audited.

Source : Equity Bulls

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