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Wednesday, August 01, 2007

Hitachi Home - Cool Quarter


Hitachi Home & Life Solutions India Ltd Q1 Profit Rises To Rs.17.37 Crores

Hitachi Home & Life Solutions India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs.173.75 million for the quarter ended June 30, 2007 where as the same was at Rs.88.72 million for the quarter ended June 30, 2006. Total Income is Rs.1530.13 million for the quarter ended June 30, 2007 where as the same was at Rs.1173.16 million for the quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.7.57 for the quarter ended June 30, 2007 compared to Rs.3.86 during quarter ended June 30, 2006.

The Company has revised estimated useful life of its certain asset as a result of this change additional depreciation aggregating of Rs 9.759 million (June 2006 quarter : Nil) is charged to the Profit and Loss account.

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