Finolex Cables Q1 PAT up 4% at Rs 22.9 cr

Finolex Cables posted a 4 per cent increase at Rs 22 crore in the net profit for the first quarter ended June 30, 2010 over the same quarter last year.

The net PAT reported has increased from Rs 22 crore in April-June 2009 to Rs 22.98 crore.

The net sales for the quarter ended June 30,2010 also increased by 52 per cent to Rs 486.71 crore as against Rs 320.55 crore for the corresponding period last year.

At the close of the market hours the share was priced Rs 60.35. It gained Rs 0.75 or 1.26 per cent while the market closed 143.51 points up from its previous close.