Suashish Diamonds quarterly net profit up by 34.61 pc

Mumbai, May 1 (UNI) Suashish Diamonds Limited has recorded a net profit of Rs 5.27 crore to Rs 3.92 crore, with an increase of 34.61 per cent, for the last quarter ending March 31.

Total income for the fifth quarter was Rs 248.85 crore (Rs 230.38 crore), an increase of eight per cent. The company has extended the financial year-end by three months from December 31 to March 31. For the fifteen months period ended on March 31, 2008, the company has recorded a net profit of Rs 82.05 crore.

The total income for the period was Rs 1,223.24 crore, while total expenditure for the year was Rs 1154.75 crore. Profit before tax for the fifteen months period was Rs 121.14 crore. The earnings per share (diluted) stood at Rs 39.53 (fifteen months), as compared to Rs 20.86 in the previous year ended December 31, 2006.

Suashish Diamonds Managing Director Ashish Goenka said, ''Despite of changes in structural and pricing strategies in the industry, Suashish Diamonds will continue to perform better by focusing on operational efficiency.'' UNI AR SR AG1825