Wednesday, May 6, 2009

Assam Company: Q4-Loss.

Assam Company reported that the loss for quarter ended March 2009 has widened. During the quarter, the loss of the company rose to Rs 193.31 million compared with a loss of Rs 163.34 million in the same quarter previous year.
Interest cost increased 21.41% to Rs 45.42 million while depreciation cost fell 20.72% to Rs 16.30 million over previous year period.

Net sales for the quarter jumped 46.23% to Rs 280.66 million, while total income for the quarter rose 12.61% to Rs 280.66 million, when compared with the prior year period.

It posted loss of Rs 1 a share during the quarter compared with loss of Rs 1 a share in prior year period.

As at Mar-09 Mar-08 %Change

Net Sales 280.66 191.93 46.23

Net Profit (193.31) (163.34)

Basic EPS (0.62) (0.53)

Shares of the company gained Rs 0.44, or 4.91%, to trade at Rs 9.40. The total volume of shares traded was 170,929.00 at the BSE (2.39 p.m., Tuesday).

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