HT Media disclosed a phenomenal drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 78.78% to Rs 78.20 million from Rs 368.60 million in the same quarter previous year.
Net sales for the quarter rose 5.54% to Rs 3,371.10 million, while total income for the quarter rose 4.13% to Rs 3,416.70 million, when compared with the prior year period.
The company reported earnings of Rs 0.33 a share during the quarter, registering 78.98% decline over prior year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at |
Dec - 08 |
Dec - 07 |
%Change |
| Net Sales |
3,371.10 |
3,194.00 |
5.54 |
| Net Profit |
78.20 |
368.60 |
(78.78) |
| Basic EPS |
0.33 |
1.57 |
(78.98) |
During the quarter, interest cost increased 2.28 times to Rs 101.40 million while depreciation cost rose 21.48% to Rs 138.00 million over previous year period.
Shares of the company closed up Rs 2, or 4%, at Rs 52.00. The total volume of shares traded was 11,729.00 at the BSE (Friday).
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