MICO Q2 net profit down at Rs.164.25 Crores

Motor Industries Company Ltd (MICO) has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 1642.50 million for the quarter ended June 30, 2007 as compared to Rs 2427.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 9309.90 million for the quarter ended June 30, 2006 to Rs 11004.40 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.51.3 for the Quarter ending June 30, 2007 compared to Rs.75.8 for Quarter ending June 30, 2006.

The stock was trading at Rs.4356, up by Rs.1.85 or 0.04%. The stock hit an intraday high of Rs.4544 and low of Rs.4280. The total traded quantity was 5939 compared to 2 week average of 3509.

Source : Equity Bulls

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