Techno Electric & Engg Company consolidated quarterly earnings plunges 64.49%
Source: IRIS | 09 Feb, 2015, 12.28PM
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Techno Electric & Engg Company announced a drop in consolidated net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 64.49% to Rs 123.09 million from Rs 346.60 million in the same quarter last year. Net sales for the quarter rose 21.97% to Rs 1,814.24 million, compared with Rs 1,488 million for the prior year period. Earnings per share for the quarter stood at Rs 2.16, registering 64.42% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) | | As at | Dec - 14 | Dec - 13 | %Change | | Net Sales | 1,814.24 | 1,487.50 | 21.97 | | Net Profit | 123.09 | 346.60 | (64.49) | | Basic EPS | 2.16 | 6.07 | (64.42) |
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