Everest Kanto Cylinder Ltd. posted net loss of Rs.125.6 million for Q1

Everest Kanto Cylinder Ltd has announced the Unaudited financial results for the quarter ended June 30, 2010.

The Company has posted a net loss of Rs (125.60) million for the quarter ended June 30, 2010 as compared to net profit of Rs 102.60 million for the quarter ended June 30, 2009. Total Income has increased from Rs 673.70 million for the quarter ended June 30, 2009 to Rs 787.90 million for the quarter ended June 30, 2010.

The Group has posted consolidated net loss after share of minority interest of Rs (115.00) million for the quarter ended June 30, 2010 as compared to net profit of Rs 167.60 million for the quarter ended June 30, 2009. Total Income has decreased from Rs 1539.60 million for the quarter ended June 30, 2009 to Rs 1394.90 million for the quarter ended June 30, 2010.

The stock closed the day at Rs.128.15, down by Rs.2.20 or 1.69%. The stock hit an intraday high of Rs.131.50 and low of Rs.126.75.

The total traded quantity was 269961 compared to 2 week average of 249676.

Regards,
Free Indian Stock Tips Team