Your location:  Home  >  Bearing News  >  
<<  Back

Sona Koyo steering system Q2 net profit falls 22.3%

Resource from:  ETAuto Likes:230
Nov 17,2015
It's consolidated net sales too decreased 3.2 percent to Rs. 387.18 crores in Q2 of FY16, down from Rs. 399.9 crores during the same period last year NEW DELHI: Sona Koyo Steering Systems, one of India's largest manufacturer and supplier of Steering Systems, reported a consolidated net profit of Rs 6.6 crore in the quarter ending September, which is 22.3 percent fall compared to Rs 8.5 crore in the same quarter last year. It's consolidated net sales too decreased 3.2 percent to Rs. 387.18 crores in Q2 of FY16, down from Rs. 399.9 crores during the same period last year. Its standalone profit, however, rose to Rs 5.2 crore, a 71.6 percent as compared to Rs 3 crore in the corresponding quarter FY15. Standalone net sales remained flat at Rs 270 crore, marginally up from Rs 267.6 crore. For the half year ended 30th September, consolidated profit after tax stood at Rs. 10.8 crores against profit of Rs 12.1 crores during the same period last year.
(ETAuto)
【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.
Previous  Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next  Aug 17 Bearing Steel Price in Different Regions of China

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.