The Hindu Business Line : Suashish Diamonds net up

Mumbai, May 2 Suashish Diamonds Ltd has recorded a net profit of Rs 5.27 crore (Rs 3.92 crore) for the quarter ended March 31, 2008, an increase of 34.61 per cent. Total income for the fifth quarter was Rs 248.85 crore (Rs 230.38 crore), an increase of 8 per cent. The company has extended the financial year by three months from December 31 to March 31. Henceforth, we will follow April 1 to March 31 financial year, the company said. For the fifteen months period ended on March 31, 2008, the company recorded a net profit of Rs 82.05 crore. The total income for the period was Rs 1,223.24 crore, while total expenditure for the year was Rs 1,154.75 crore. Profit before tax for the 15 months period was Rs 121.14 crore. The earnings per share (diluted) stood at Rs 39.53 (fifteen months) compared to Rs 20.86 in the previous year ended December 31, 2006. Mr Ashish Goenka, Managing Director, Suashish Diamonds Ltd, said, "Despite changes in structural and pricing strategies in the industry, we will continue to perform better by focusing on operational efficiency". - Our Bureau

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