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K S Oils announced a phenomenal rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 73.74% to Rs. 410.20 million from Rs. 236.10 million in the same quarter, previous year.
The company posted earnings of Rs. 1.23 a share during the quarter, registering 88.48% decline over prior year period.
Net sales for the quarter jumped 89.10% to Rs. 6,927.40 million, while total income for the quarter jumped 89.37% to Rs. 6,961.30 million, when compared with the prior year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at |
Jun - 08 |
Jun - 07 |
%Change |
| Net Sales |
6,927.40 |
3,663.30 |
89.10 |
| Net Profit |
410.20 |
236.10 |
73.74 |
| Basic EPS |
1.23 |
10.68 |
(88.48) |
During the quarter, interest cost increased 34.62% to Rs. 119 million while depreciation cost rose 2 times to Rs 51.10 million over previous year period.
Shares of the company gained Rs. 2.25, or 3.85%, to settle at Rs. 60.75. The total volume of shares traded was 3,484,677 at the BSE (Monday). |
