Artefact Projects quarterly earnings plunges 72.09%
Source: IRIS | 30 May, 2014, 12.36PM
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| Rating: NAN / 5 stars. |
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Artefact Projects announced a drop in net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 72.09% to Rs 7.09 million from Rs 25.42 million in the same quarter previous year. Net sales for the quarter declined 13.32% to Rs 107.85 million, compared with Rs 124.43 million for the prior year period. Earnings per share for the quarter stood at Rs 1.11, registering 8.26% decline over previous year period.
| Quarterly Results - (Rs in mn) | | As at | Mar - 14 | Mar - 13 | %Change | | Net Sales | 107.85 | 124.43 | (13.32) | | Net Profit | 7.10 | 25.42 | (72.09) | | Basic EPS | 1.11 | 1.21 | (8.26) |
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