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This is an archive article published on February 8, 2011

Finolex Cables Q3 PAT jumps 2.13 pct

Finolex Cables reported a 2.13 per cent jump in Q3 net profit at Rs 26.1 crore.

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Electrical and communication cables maker Finolex Cables reported a 2.13 per cent jump in net profit at Rs 26.1 crore for the third quarter ended December 31,2010,over the same period a year ago.

The company had a net profit of Rs 12.2 crore in the corresponding period last year,Finolex Cables said in a filing to the Bombay Stock Exchange.

Net sales of Finolex increased to Rs 505.3 crore in the October-December quarter from Rs 413.4 crore in the same period a year-ago,it added.

Meanwhile,shares of the company settled the day at Rs 45.05 on the BSE,down 3.64 per cent from the previous close.

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