Transformers manufacturer Emco today announced a net profit of Rs 10.05 crore for the first quarter ended June 30, a 12 per cent growth over the same period a year-ago.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Emco had a net profit of Rs 9 crore in the first quarter of FY'08, Emco said in a filing to the BSE.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The total sales rose to Rs 183.35 crore in the latest quarter from Rs 154.32 crore in the same period a year-ago.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>"The company is geared to make better utilisation of its increased manufacturing capacities and available resources to achieve current year's growth target," Emco Chairman and MD Rajesh Jain said.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>During the quarter the company formed a JV with Edison Group through its Singapore subsidiary Emco Overseas Pte Ltd.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>Shares of Emco closed at Rs 141.10, up 2.77 per cent on the BSE. </P></p><p class='TableClas'></p></table>


Emco Q1 net up 12% at Rs 10.05 cr

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