Panama Petrochem announced a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 4.19 times to Rs 50.94 million from Rs 12.16 million in the same quarter previous year.
Net sales for the quarter rose 30.99% to Rs 1,758.85 million, compared with Rs 1,343 million for the prior year period.
Earnings per share for the quarter stood at Rs 6.32, registering 4.45 times growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,758.85 | 1,342.69 | 30.99 |
Net Profit | 50.94 | 12.16 | 318.84 |
Basic EPS | 6.32 | 1.42 | 345.07 |
Shares of the company gained Rs 1.8, or 0.74%, to settle at Rs 245.30. The total volume of shares traded was 684 at the BSE (Monday).