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Our Bureau

Kochi, May 1

FCI OEN Connectors' has reported robust growth in the first quarter of 2007. The sales turnover grew by 28 per cent to Rs 50 crore in the first quarter of 2007 from Rs 39 crore in the corresponding quarter of 2006. Turnover for the previous year was Rs 183 crore.

Other income grew by 100 per cent to Rs 6 crore from Rs 3 crore in the corresponding previous quarter. PBT increased by 10 per cent to Rs 8 crore and net profit went up by 10 per cent to Rs 5.5 crore. EPS grew from Rs 7.91 to Rs 8.71. EPS for the previous financial year ended December 31, 2006 was Rs 31.17. Shareholders had earlier approved the sale of automotive connector division with effect from January 1. Hence, the operating results of automotive connector division are not included in the first quarter results, a press release issued here said.

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FCN OEN Q1 net up at Rs 5.5 cr

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