ABB , a company dealing in power and automation
technology, has reported a lower than expected profit after tax of Rs 48 crore
for the first quarter of calendar year 2012, down 18.6% as compared to Rs 59
crore in a year ago period due to forex loss.
Net sales too came in lower than estimated figure at Rs
1,773 crore as against Rs 1,781 crore year-on-year.
Analysts on average had expected net sales at Rs 2,006 crore
and net profit at Rs 69 crore during the January-March quarter.
ABB reported a forex loss at Rs 33 crore during the quarter.
Its order backlog stood at Rs 9,028 crore as of March 31, 2012.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd 
No comments:
Post a Comment