Moser Baer net profit at Rs 97 million
MUMBAI: Moser Baer India Ltd has announced the following Unaudited results for the quarter ended 30 June, 2007
The Company has posted a net profit after taxes of Rs 96.42 million for the quarter ended 30 June, 2007 as compared to Rs 64.72 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4880.91 million for the quarter ended 30 June, 2006 to Rs 5002.77 million for the quarter ended 30 June, 2007.
According to Ratul Puri, Executive Director, of the Company, "Despite the sharp negative influence of the rupee appreciation during the traditional summer slowdown, the optical media business performance remains satisfactory. The entertainment business is growing ahead of expectations and is a highly scalable business. The other key positive during the quarter is the commencement of shipments by the photovoltaic business."