Golden Tobacco Q1 net Rises 2.26 Times

Source from:  myiris.com 11 August 2008 08/15/2008

Golden Tobacco, a leading cigarette manufacturer in India, reported a phenomenal rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 2.26 times to Rs 88.58 million from Rs 39.12 million in the same quarter, last year. The company posted earnings of Rs 5.04 a share during the quarter, registering 2.27 times growth over previous year period. Net sales declined 66.15% to Rs 159 million, while total income for the quarter fell marginally 12.85% to Rs 410.79 million, when compared with the prior year period. Enditem