Punjab Tractors Q1 net drops 81.36% on higher cost of operations

Punjab Tractors on Tuesday reported a steep drop of 81.36% in net profit for the quarter ended June 2007. During the quarter, the company witnessed a fall in profit to Rs 33 million from Rs 177 million in the same quarter, last year.

The drop of 862 basis points in operating margin and sluggish sales growth pushed earnings of the company lower. More
Courtesy:www.indiacar.net

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