Everest Kanto Q2 earnings down by 87pct

Everest Kanto reported a sharp drop of in standalone net profit for the quarter ended September 2009. During the quarter, the profit of the company declined 87.25% to INR 55 million from INR 431.7 million in the same quarter previous year. Its net sales declined 34.41% to INR 144.93

http://www.steelguru.com/news/index/2009/11/05/MTE4Nzg2/Everest_Kanto_Q2_earnings_down_by_87pct.html

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