Mumbai, Oct 16 : Leading cable maker Finolex on Thursday registered a net profit of Rs 1.8 crore for the second quarter ended September 30, a decline of 93.28 per cent over the same period a year ago.
The company had a net profit of Rs 26.8 crore for the second quarter ended September 30, 2007, Finolex said in a filing to the Bombay Stock Exchange.
The net sales rose to Rs 374.21 crore for the quarter under review, from Rs 334.06 crore in FY'08.
For the six months ended on September 30, Finolex posted 84.25 per cent decline in its net profit at Rs 9.23 crore, against Rs 58.61 crore in the corresponding period of FY'08.
Shares of the company closed at Rs 30.90, down 6.22 per cent on the BSE.
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