Procter & Gamble Q3 profits at Rs.21.41 crores

Procter & Gamble Hygiene & Health Care Ltd has announced the Unaudited results for the quarter ended March 31, 2007. The Company has posted a net profit of Rs 214.10 million for the quarter ended March 31, 2007 where as the same was at Rs 265.40 million for the quarter ended March 31, 2006. Total Income is Rs 1263.30 million for the quarter ended March 31, 2007 where as the same was at Rs 1241.00 million for the quarter ended March 31, 2006.

Financial Results for the nine months ended March 31, 2007 are not strictly comparable as the corresponding period ended March 31, 2006 included sales and expenditure of detergent business which was transferred effective October 01, 2005 to Procter & Gamble Home Products Ltd, a 100% subsidiary of The Procter & Gamble Company USA. Accordingly effective October 01, 2005, Company operates only in one reportable segment - business of manufacturing and marketing Health and Hygiene Products and in one geographical segment i.e. within India.

The stock closed the day at Rs.774, up by Rs.2.60 or 0.34%. The total traded quantity was 172 compared to 2 week average of 1961. The stock hit an intraday high of Rs.782 and low of Rs.765.25.

Source : Equity Bulls

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