Financial Daily from THE HINDU group of publications
Sunday, Jan 23, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 23, 2005 |
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Corporate Results
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Electrical Goods Finolex Cables Q3 net up Our Bureau
Pune , Jan. 22 BUOYANCY in electrical cables business and better demand for communication cables coupled with good sales realisations and sustained cost rationalisation initiatives have helped Finolex Cables Ltd to show a good performance. The company has registered an increase in sales to touch Rs 138.04 crore for the quarter ended December 31, 2004, compared to Rs 104.54 crore for the corresponding period last year. The net profit was higher by 23 per cent at Rs 8.85 crore against Rs 7.19 crore. Mr Deepak K. Chhabria, Managing Director, noted that the earnings per share (EPS) for the quarter was Rs 2.89 (Rs 2.35) and cash earnings per share was Rs 5.19 (Rs 4.55).
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