November 22, 2008

Shree Precoated 2007-08 profit up by 16.7% YoY

Shree Precoated has posted a net profit of INR 2455.20 million for the year ended March 31st 2008 up by 16.7% YoY as compared to INR 2102.90 million for the year ended March 31st 2007. Total income has increased from INR 16787.20 million to INR 19641 million, up by 16.9% YoY.

The release added that “Shree Precoated Steels Limited has now informed BSE that since Jolly Brothers Private Limited Company, yet to commence the operation and no separate profit & loss account is prepared. Therefore the above consolidated result is treated as a stand alone.”