Moser Baer swings to profit in Q1'06 at Rs 6.47 crore

Mumbai, July 27 (UNI) Moser Baer India has posted a net profit after tax of Rs 6.47 crore for the quarter ended June 30, 2006, as compared to a net loss of Rs 11.14 crore for the quarter ended June 30, 2005.

Announcing the results, the company said its total income has increased from Rs 361.83 crore for the quarter ended June 30, 2005 to Rs 488.08 crore for the quarter ended June 30, 2006.

On July 25 this year, Moser Baer announced that it has begun shipping HD DVD-R (recordable), a next generation format, to its global OEMs customers. The HD DVD-R will have a capacity of 15 GB and will offer more than three times the data storage capacity of standard DVD media.

HD DVD offers an ideal solution for reliable business backup, including medical and government imaging, photography, videography, as well as high definition video recording.

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