Elecon Engineering Co Q1 net up 78 pc

New Delhi, July 27 (UNI) Elecon Engineering Company Ltd today announced an increase of 78 per cent in its net profit at Rs 5.40 crore for the first financial quarter ended June 30, 2006 as against Rs 3.03 crore during the corresponding period last year.

The company's turnover also jumped up by 34 per cent at Rs 94.57 crore as against Rs 70.69 crore for Q1 FY06, as the turnover of Material Handling Division (MHE Division) has grown twice in size, a company statement said here.

The Annualised Basic Earning Per Share (EPS) after Extra Ordinary Items for the quarter ending on 30 June 2006 is Rs 36.28 as against Rs 21.45 for the same period last year.

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