Company Results

Chip maker Hynix posts heavy third quarter losses

Hynix Semiconductor IncSeoul - South Korea's Hynix Semiconductor Inc, the world's second largest maker of computer chips, Thursday posted net losses of 1.67 trillion won (1.3 billion dollars) for the third quarter owing to price slumps and write-offs.

After profits of 168 billion won in the third quarter of 2007, the company reported losses for the fourth consecutive quarter, more than doubling the losses posted for the previous quarter of 711 billion won.

Sony's net profit down 72 per cent in July-September period

Sony Corp.Tokyo - Sony Corp saw its net profit plunge 71.8 per cent in the second quarter as demand for consumer electronics slowed and the yen rose in value against other major currencies, the company said Wednesday.

The Japanese electronics company reported a net profit of 20.8 billion yen (219.84 million dollars) in the July-September quarter, compared to 73.7 billion yen a year before.

Operating profit also tumbled 90.1 per cent to 11 billion from 111.6 billion yen during the second quarter a year earlier, and sales dipped 0.5 per cent to 2.07 trillion yen from 2.08 trillion yen, the company said.

Gitanjali Gems acquires Gitanjali Exports Corporation; Q2 Net profit surges 31%

Gitanjali Gems acquires Gitanjali Exports Corporation; Q2 Net profit surges 31%

Allied Digital Q2 PAT Up 136%

Allied Digital Q2 PAT Up 136%Allied Digital Services Limited, systems integrator and an IT Infrastructure Management Services Provider company, has declared their consolidated unaudited quarter results with total revenue of Rs. 148.88 crores for the three month period ended September 30th, 2008, an increase of 110% as compared to total income of Rs 70.81 crores for the quarter ended September 07.

The Profit after Tax (PAT) for the period under review stood at was Rs. 24.05 crores as against a PAT of Rs. 10.18 Crores for the quarter ended September 2007, an increase of 136%

Asian Paints posts net profit of Rs 131.5 crore in Q2

Asian Paints posts net profit of Rs 131.5 crore in Q2Asian Paints, India's largest paint company, has posted a net profit of Rs 131.5 crore for the quarter ended September 30, 2008, 15.5 per cent up from the Rs 113.9 crore posted during the corresponding period, previous year.

While, sales and operating Income for the quarter rose 30.2 per cent to touch Rs 1,475.3 crore from Rs 1,133.2 crore.

In a separate release, the board of directors has recommended the payment of an interim dividend of Rs 6.50 per share (65 per cent). 

Moser Baer registers net loss of Rs 42 crore

Moser Baer registers net loss of Rs 42 croreMoser Baer, World's

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