Atlas Cycles (Haryana) has posted a 22.78 per cent increase in net profit of Rs 97 lakh for the fourth quarter ended March 31, 2009, compared with Rs 79 lakh recorded during the same period a year ago.

Also Read   News Now Paper Specials - Sensex makes remarkable recovery, regains 17K - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' - McDowell to use soccer platform for promoting rum brand More     Also Read   News Now Paper Specials - RIL offers to buy Dutch petrochem firm - ICICI raises $750 mn in overseas bonds - IOC fire burns Rs 100-cr hole in GIC's pocket - Kurbaan could be Karan Johar's first flop - Hershey trust pushes $17-bn offer for Cadbury More   Also Read   News Now Paper Specials   - Q3 FY09 Results: Earnings Season - Saving Satyam: Govt gets into action - India-Pakistan Tensions: Fallout of Mumbai Terror Attack - Your Money: Where to invest - Market Crash: Global worries weigh - Time Out: Books, fashion, food, travel, sports, health...  More

The company’s net sales rose to Rs 179.48 crore during the reporting quarter, as against Rs 172.62 crore recorded during the comparable period of previous financial year, the company informed BSE today.

The bicycle manufacturer’s net profit for the 12-month period ended March 31, fell to Rs 16.5 crore from Rs 20 crore recorded a year ago.

The company's shares were 9% at Rs 112 on BSE, at the close of trading hours on Wednesday, April 29.

Other Stories      - Sensex makes remarkable recovery, regains 17K - Spectrum is a tax riddle, says PwC - Bajaj to ramp up Pulsar production - Five of top-10 cos lose Rs 24k cr; RIL on top slot - ICICI, Infosys among best firms for nurturing talent More

Tags : Atlas cycles | Financial results | Q4FY09 | bicycle industry   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM