Fedders Lloyd Corporation Ltd. promoted by Punj Family started the trading business of AC Units and subsequently commenced the manufacturing of AC Units in India. The company has posted a phenomenal increase in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit zooms 6.13 times to Rs 7.54 crores in comparison to the Rs 1.23 crores of Q3 (ending Dec 08) of previous year(FY09).
The company informed the market(BSE) that the net sales too surged 99.26% to Rs 140.42 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 69.49 crores in last year's quarter. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
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NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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