Stock Report

GTL Q1 net profit down at Rs.224 Million



Posted On : 2007-07-24 11:21:18( TIMEZONE : IST )

GTL Q1 net profit down at Rs.224 Million

GTL Ltd has announced the following Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs 224.00 million for the quarter ended June 30, 2007 as compared to Rs 421.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1449.00 million for the quarter ended June 30, 2006 to Rs 3271.90 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a net profit after tax of Rs 321.40 million for the quarter ended June 30, 2007 as compared to Rs 633.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2451.60 million for the quarter ended June 30, 2006 to Rs 3991.00 million for the quarter ended June 30, 2007.

The figures for the quarter ended June 30, 2006 are unaudited.

The company has reported an Earnings Per Share (EPS) of Rs.2.3 for the quarter ended June 30, 2007 compared to Rs.5.28 during quarter ended June 30, 2006.

The stock closed the day at Rs.234.55, down by Rs.6.65 or 2.76%. The total traded quantity was 257965 compared to 2 week average of 285139. The stock hit an intraday high of Rs.244.50 and low of Rs.232.25.

Source : Equity Bulls

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