Business Daily from THE HINDU group of publications
Saturday, Jul 19, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, Jul 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate Results
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Cement Ckoramaandel Cements net at Rs 4.24 cr Hyderabad, July 18 Ckoramaandel Cements Ltd’s net profit marginally increased at Rs 4.24 crore in the first quarter ended June 30, 2008 compared with Rs 4.16 crore in the corresponding quarter of last fiscal. The total sales increased by 31 per cent at Rs 22.2 crore (Rs 16.9 crore) during the same period. The marginal hike in net profit was due to increased input costs during the quarter. “I consider this as a good result. Because the cement industry was down by 15 to 30 per cent in the first quarter in general,” Mr Ramesh Chandro, Managing Director, told Business Line here. The board recommended 20 per cent dividend on annualised basis on the paid-up capital for the accounting year October to March, 2008. It also approved the proposal for issue of 20 lakh convertible warrants of Rs 10 each at a premium of Rs 230 each, convertible into equity shares at a later date on preferential allotment basis to the promoters and their associates. — Our Bureau Ckoramaandel Cements lines up Rs 65-cr expansion More Stories on : Cement
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