Friday, February 4, 2011

Corporate News Updates 04-Feb

Net profit of Laurel Organics rose 1233.33% to Rs 0.40 crore in the quarter ended December 2010 as againstRs 0.03 crore during the previous quarter ended December 2009. Sales rose 33.80% to Rs 1.90 crore in thequarter ended December 2010 as against Rs 1.42 crore during the previous quarter ended December 2009.

Net profit of Atharv Enterprises rose 250.00% to Rs 0.07 crore in the quarter ended December 2010 as against Rs 0.02 crore during the previous quarter ended December 2009. Sales rose 21.30% to Rs 1.31 crore in thequarter ended December 2010 as against Rs 1.08 crore during the previous quarter ended December 2009.

Net profit of Midas Pharmasec rose 366.67% to Rs 0.14 crore in the quarter ended December 2010 as against Rs 0.03 crore during the previous quarter ended December 2009. There were no sales reported in the quarter ended December 2010 and during the previous quarter ended December 2009.

Net profit of RSWM rose 312.51% to Rs 39.89 crore in the quarter ended December 2010 as against Rs 9.67 crore during the previous quarter ended December 2009. Sales rose 22.96% to Rs 478.89 crore in the quarterended December 2010 as against Rs 389.47 crore during the previous quarter ended December 2009.

Net profit of Diamines & Chemicals rose 746.88% to Rs 2.71 crore in the quarter ended December 2010 as against Rs 0.32 crore during the previous quarter ended December 2009. Sales rose 91.73% to Rs 21.80 crore in the quarter ended December 2010 as against Rs 11.37 crore during the previous quarter ended December 2009.

Jet Airways (India) Ltd, India's top carrier by market share, plans to repay about Rs 1,000 of debt each fiscal and is also looking to prepay some of its high-cost rupee debt.

Jain Irrigation Systems, which makes dehydrated onions, is in advanced talks with two to five entities, including private equity players, to sell 30% stake in its non-banking financial venture

The Hinduja Group is in talks with Italian companies, including Autostrada, for partnerships as it eyes to tap the infrastructure sector in the country.

National Aluminium Company (Nalco), the country's second-largest aluminium producer, may invest about Rs 700 crore for picking up stake in two mines of state-run Hindustan Copper and a detailed framework on strategic alliance is likely next week.
ADR (03-02-2011)

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