SKF India registers sales of Rs. 6033 million in Q2 2015

Resource from: New Kerala Likes:206

Jul 22,2015

The Board of Directors of SKF India Limited, a technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, on Tuesday approved the unaudited financial results for the second quarter and half year ended June 30, 2015. According to an fficial statement, Net Sales for the second quarter ended June 2015 amounted to INR 6033 million registering a growth of 2pc compared to the corresponding quarter of the previous year and 4pc as compared to the immediately preceding quarter The Profit before tax for the second quarter ended June 30 amounted to INR 709 million which was lower by 13pc compared to the corresponding quarter of the previous year and lower by 9pc compared to the immediately preceding quarter Commenting on the occasion, Shishir Joshipura, Managing Director and Country Head, SKF India said, The economy continued to face challenges that constrained the volume growth on account of lower demand from several industry segments. The current quarter witnessed headwinds on account of adverse forex movement and product mix. We remain optimistic that continued and sustained push on reforms will drive the economy on the intended path.

(New Kerala)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous John Crane’s Groundbreaking Predictive Diagnostics System Now in Customer Trials
Next HEIDENHAIN Announces New Machine Tool Specialist

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.