Logix Microsystems consolidated quarterly earnings plummet 44.37%
Source: IRIS | 10 Nov, 2014, 08.02PM
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| Rating: NAN / 5 stars. |
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Logix Microsystems disclosed a drop in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 44.37% to Rs 3.54 million from Rs 6.36 million in the same quarter last year. Net sales for the quarter rose 24.92% to Rs 103.20 million, compared with Rs 83 million for the prior year period. Earnings per share for the quarter stood at Rs 0.29, registering 45.28% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) | | As at | Sep - 14 | Sep - 13 | %Change | | Net Sales | 103.20 | 82.62 | 24.92 | | Net Profit | 3.54 | 6.36 | (44.37) | | Basic EPS | 0.29 | 0.53 | (45.28) | Shares of the company declined Rs 0.9, or 4.89%, to settle at Rs 17.50. The total volume of shares traded was 27,866 at the BSE (Monday).
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