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Monday, 10 October 2011

Alstom Projects-Unmitigated Disaster

Alstom Projects India Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 15 million for the quarter ended March 31, 2008 as compared to Rs 362 million for the quarter ended March 31, 2007. Total Income has increased from Rs 4315 million for the quarter ended March 31, 2007 to Rs 5204 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 733 million for the year ended March 31, 2008 as compared to Rs 1094 million for the year ended March 31, 2007. Total Income has increased from Rs 12545 million for the year ended March 31, 2007 to Rs 15869 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 765 million for the year ended March 31, 2008 as compared to Rs 1114 million for the year ended March 31, 2007. Total Income has increased from Rs 12565 million for the year ended March 31, 2007 to Rs 15901 million for the year ended March 31, 2008.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

Nothing in this article is, or should be construed as, investment advice.

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