J K Lakshmi Cement reported a phenomenon drop in standalone net profit for the quarter ended December 2010. During the quarter, the profit of the company declined 89.86% to Rs 46.00 million from Rs 453.50 million in the same quarter previous year.
Net sales for the quarter declined 10.73% to Rs 3,153 million, while total income for the quarter fell 8.45% to Rs 3,246.00 million, when compared with the prior year period.
It reported earnings of Rs 0.38 a share during the quarter, registering 89.76% decline over previous year period.
Shares of the company declined Rs 2.25, or 4.46%, to trade at Rs 48.20. The total volume of shares traded was 71,723 at the BSE
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