Force Motors Q3 net dips 82.82%

Force Motors is a Pune-based maker of a range of commercial vehicles.

Force Motors,the Pune-based maker of a range of commercial vehicles,today said its net profit dipped by 82.82 per cent to Rs 2.33 crore for the third quarter ended December 31,2011.

The company had posted a net profit of Rs 13.57 crore for the quarter ended December 31,2010 Force Motors said in a filing to BSE.

Net sales of the company for the quarter ended December 31,2011 stood at Rs 492.26 crore as against Rs 362.35 crore for the corresponding period previous fiscal.

During the quarter the company arrived at ‘in principle’ agreement to sell and transfer 55,797,100 equity shares of Man Force Trucks Pvt. Ltd to Man Truck & Bus AG,Germany,for a consideration of Euro 150,000,000.

Company INFO

More on Force Motors

Stocks

More on Force Motors

Tags:
business news

Canada, UK and Australia formally recognise a Palestinian state

World10 hr ago

The UK, Canada, and Australia have recognized Palestine as a state, going against the US and Israel's opposition. British PM Starmer aims to revive peace without Hamas and hostage release. Canada and Australia also recognize Palestine, condemning terrorism. Over 145 UN members recognize Palestine, with France likely to join soon.

View all shorts

Live Blog