Diversified business conglomerate Videocon Industries today reported 46.77 per cent decline in net profit for the fourth quarter ended December 31,at Rs 86.42 crore.
The company had posted a net profit of Rs 162.36 crore in the same period previous year.
The sales during the October-December also went down by 2.47 per cent to Rs 3,073.39 crore from Rs 3,151.17 crore in the year-ago period,Videocon Industries said in a filing to the BSE.
For the entire 2011,Videocon8217;s net profit stood at Rs 545.56 crore,while the sales were at Rs 12,919.47 crore,it said.
8220;The figures for the current year are for a period of 12 months as against 15 months in previous period,8221; the company said.
Reacting to the results,shares of the company were quoting down by 0.11 per cent at Rs 185.50 apiece on the BSE n late afternoon trade.
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