MRF Q3 net rises five fold
MRF Ltd has reported a 420 per cent rise in its net profit at Rs 42.50 crore for the third quarter ended June 2007, compared with Rs 8.17 crore posted during the corresponding quarter of the previous year.
The lower net profit during last year was due to unusual rubber prices that were ruling at over Rs 100 a kg compared with Rs 70-80 a kg during the quarter under review. MRF also raised prices of its products in April.
Senior officials of the company told Business Line that they are concerned over several factors that may negatively impact the company during the current quarter. More
Courtesy:www.indiacar.net