Geecee Ventures disclosed a drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 54.76% to Rs 8.59 million from Rs 18.99 million in the same quarter last year.
Net sales for the quarter declined 30.53% to Rs 28.80 million, compared with Rs 41.46 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.45, registering 55.00% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 28.80 | 41.46 | (30.53) |
| Net Profit | 8.59 | 18.99 | (54.76) |
| Basic EPS | 0.45 | 1.00 | (55.00) |
Shares of the company gained Rs 3.05, or 7.82%, to settle at Rs 42.05. The total volume of shares traded was 6,394 at the BSE (Wednesday).
