Financial Daily from THE HINDU group of publications
Friday, Oct 22, 2004
Financial Daily from THE HINDU group of publications Friday, Oct 22, 2004 |
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Corporate Results
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Electronics FCI OEN profit rises 66 pc Our Bureau
KOCHI: The net profit of FCI OEN increased by 66 per cent to Rs 3.28 crore (Rs 1.97 crore) for the quarter ended September 30, 2004, the third quarter in the company's financial year. The growth in net profit was achieved without any accretion from non-recurring income in the quarter, a press release from the company has said. The turnover grew by 29 per cent to Rs 30.42 crore (Rs 23.62 crore). When compared to the corresponding quarter of the previous year, the total turnover has grown by 57 per cent. In comparison to the corresponding quarter of the previous year, the profit after tax declined from Rs 3.76 crore to Rs 3.28 crore this year, mainly on account of accretion from non-recurring finance income last year, the press release said. Sales for the first nine months of the current year grew by 39 per cent to Rs 76.91 crore (Rs 55.41 crore). Net profit grew by 3.4 per cent to Rs 8.83 crore (Rs 8.53 crore).
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