Berger Paints India Ltd Q1 net profit up at Rs.19.89 Crores

Berger Paints India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs.198.9 million for the quarter ended June 30, 2007 where as the same was at Rs.172.1 million for the quarter ended June 30, 2006. Total Income is Rs.3045.4 million for the quarter ended June 30, 2007 where as the same was at Rs.2530.7 million for the quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.0.62 for the quarter ended June 30, 2007 compared to Rs.0.86 during quarter ended June 30, 2006.

The Companys subsidiary Berger Paints Overseas Ltd, Russia, has commenced production.

The stock closed the day at Rs.50, down by Rs.0.10 or 0.20%. The total traded quantity was 106573 compared to 2 week average of 115393. The stock hit an intraday high of Rs.50.50 and low of Rs.49.15.

Source : Equity Bulls

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