JBM Auto Ltd June Quarter Net Profit up 172.48% to Rs.4.01 Crores

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

The Company has posted a net profit of Rs.40.11 million for the quarter ended June 30, 2007 as compared to Rs.14.72 million for the quarter ended June 30, 2006. Total Income has increased from Rs.291.98 million for the quarter ended June 30, 2006 to Rs.438.79 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.5.89 for the quarter ended June 30, 2007 compared to Rs.2.16 during quarter ended June 30, 2006.

The Board of Directors has recommended the issue of Bonus Shares in ration of 1:2 i.e. one Bonus Share each for two Equity Shares held, subject to the approval by the shareholders.

The stock closed the day at Rs.83, down by Rs.1.05 or 1.25%. The total traded quantity was 5892 compared to 2 week average of 50238. The stock hit an intraday high of Rs.84.10 and low of Rs.76.20.

Source : Equity Bulls

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