EIH announces Q1 results, net profit down to Rs.36.7 Crores

EIH Ltd has announced the following Unaudited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 367.00 million for the quarter ended June 30, 2007 as compared to Rs 514.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1984.80 million for the quarter ended June 30, 2006 to Rs 2342.50 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.0.93 for the quarter ended June 30, 2007 compared to Rs.4.71 during quarter ended June 30, 2006.

The Company has established a wholly owned subsidiary company in Mauritius. This subsidiary company will undertake flight catering at the Mauritius International Airport.

Earnings Per Share for the quarter ended June 30, 2006 have been recast on the basis of the current number of Equity Shares so as to make them comparable with the Earnings Per Share for the year ended March 31, 2007 and the quarter ended June 30, 2007.

The stock closed on Friday at Rs.101, down by Rs.4.90 or 4.63%. The total traded quantity was 30510 compared to 2 week average of 49457. The stock hit an intraday high of Rs.104.35 and low of Rs.100.

Source : Equity Bulls

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