Financial Daily from THE HINDU group of publications
Tuesday, Jan 29, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jan 29, 2002 |
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Corporate Results
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Automobile Components Sundaram Brake Q3 net up 5.8 pc Our Bureau
CHENNAI, Jan. 28 SUNDARAM Brake Linings has reported a net profit of Rs 1.81 crore for the quarter ended December 2001, which is 5.8 per cent higher than Rs 1.71 crore, the company made in the same quarter last year. However, due to lower net profit made in the previous two quarters, the company's bottomline for the nine-month period ended December 2001 was lower 15 per cent at Rs 3.59 crore (Rs 4.22 crore). Domestic sales was marginally lower at Rs 11.61 crore (Rs 11.88 crore). In the nine-month period, domestic sales was Rs 31.37 crore (Rs 35.43 crore). Exports, however, were higher. During the quarter under review, exports increased to Rs 10.9 crore (Rs 8.66 crore). Similarly, in the first nine months of the current year, exports grew 24 per cent to Rs 30.10 crore (Rs 24.35 crore). Total sales for the quarter amounted to Rs 22.06 crore (Rs 20.55 crore), up 7.3 per cent. In the nine-month period, sales amounted to Rs 61.48 crore (Rs 59.79 crore), 2.82 per cent higher.
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