News posted by www.newsinfoline.com
Kolkata, May 10 (PTI) Wire rope manufacturer Usha Martin Ltd today said its net profit jumped by 115 per cent to Rs 45.74 crore for the fourth quarter ended March 2010. The firm''s net profit in the same period of FY''09 was Rs 21.27 crore. Net profit for the 2009-10 fiscal dipped to Rs 92.21 crore as against Rs 146.56 crore during FY''09. Gross sales of the company during the last quarter of 2009-10 decreased to Rs 555.59 crore as against Rs 565.11 crore in the same period of the previous fiscal, it said in filing to the Bombay Stock Echange (BSE). During FY''10, gross sales also decreased to Rs 1,960.03 crore compared to Rs 2,307.21 crore in FY''09. In the last quarter of FY''10, the company issued 54,500,000 equity shares of Re one each, aggregating to Rs 85 crore. Meanwhile, the firm''s board approved a capital expenditure plan of Rs 1,200 crore which would be implemented over a period of 36 months. The funding would be done through a mixture of debt and internal accruals.
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment