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GM Breweries slides on weak Q3 nos/news06012012
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Friday, January 06, 2012
GM Breweries' shares dipped over 7%, touching the weekly low of Rs60, after company poste poor Q3 earnings. Till now, over 4,925 shares have traded on the BSE as against the two-week average volume of 1,917 shares.
The net profit of the company declined by 24.83% to Rs4.36 crore in the quarter ended December 2011 as against Rs5.80 crore for the previous quarter ended December 2010.
Sales rose by 16.26% to Rs68.70 crore for the quarter ended December 2011 as against Rs59.09 crore for the previous quarter ended December 2010.
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