Sandur Manganese & Iron Ores Ltd quarterly profit soars to Rs.2.95 Crores

Sandur Manganese & Iron Ores Ltd has announced the financial results for the quarter ended June 30, 2007.

The company has reported total income of Rs.383.4 Million during quarter ended June 30, 2007 compared to Rs.116.6 Million during quarter ended June 30, 2006. The company posted net profit after tax of Rs.29.5 Million during quarter ended June 30, 2007 as compared loss of Rs.7.4 Million during quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.3.37 for the quarter ended June 30, 2007 compared to Rs.-1.56 during quarter ended June 30, 2006.

The stock closed the day at Rs.114.60, up by Rs.5.45 or 4.99%. The total traded quantity was 16650 compared to 2 week average of 15185. The stock hit an intraday high of Rs.114.60 and low of Rs.111.60.

Source : Equity Bulls

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