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General Market Live News
Nov 29 2007 5:33PM
Hindoostan Spinning and Weaving Mills net profit declines 97.47% in the September 2007 quarter

Net profit of Hindoostan Spinning and Weaving Mills declined 97.47% to Rs 0.05 crore in the quarter ended September 2007 as against Rs 1.98 crore during the previous quarter ended September 2006. Sales declined 7.54% to Rs 14.72 crore in the quarter ended September 2007 as against Rs 15.92 crore during the previous quarter ended September 2006.

For the full year, net loss reported to Rs 2.61 crore in the year endedSeptember 2007 as against net profit of Rs 1.05 crore during the previous year ended September 2006. Sales declined 11.73% to Rs 53.68 crore in the year ended September 2007 as against Rs 60.81 crore during the previous year ended September 2006.

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