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| FCI OEN CONNECTORS LTD |
| Regd. Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala |
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30TH JUNE 2007 |
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3 months ended June 30, 2007 |
Corresponding 3 months period ended June 30,2006 |
6 months ended June 30, 2007 |
6 months ended June 30, 2006 |
Previous year ended December 31, 2006
(Audited) |
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RS. IN LAKHS |
1 |
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Net Sales/ Income from operations |
5,260.65 |
4,411.50 |
10,226.48 |
8,318.91 |
18,299.96 |
2 |
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Other Income |
564.67 |
376.61 |
1,210.26 |
682.43 |
1,221.81 |
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(a) |
Operational |
533.37 |
343.43 |
1,132.31 |
590.67 |
1,071.38 |
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(b) |
Financial |
31.30 |
33.18 |
77.95 |
91.76 |
150.43 |
3 |
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Total Expenditure |
4,591.33 |
3,693.98 |
9,146.72 |
6,927.29 |
15,448.54 |
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(a) |
(Increase)/Decrease in stock in trade |
(77.42) |
(359.25) |
(52.07) |
(492.30) |
(323.53) |
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(b) |
Consumption of raw materials |
2,834.01 |
2,862.39 |
5,819.24 |
5,110.79 |
10,359.63 |
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(c) |
Purchase of traded goods |
845.61 |
324.64 |
1,436.99 |
619.99 |
1,849.33 |
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(d) |
Staff Expenditure |
266.95 |
324.43 |
558.01 |
585.26 |
1,208.91 |
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(e) |
Other expenditure |
722.18 |
541.77 |
1,384.55 |
1,103.55 |
2,354.20 |
4 |
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Interest |
3.55 |
4.17 |
7.22 |
8.31 |
16.32 |
5 |
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Depreciation |
265.31 |
245.95 |
506.85 |
483.51 |
994.70 |
6 |
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Profit before tax (1+2-3-4-5) |
965.13 |
844.01 |
1,775.95 |
1,582.23 |
3,062.21 |
7 |
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Provision for taxation |
324.87 |
275.80 |
586.97 |
515.80 |
1,099.60 |
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(a) |
Current Tax ( including fringe benefits tax) |
357.97 |
303.40 |
664.87 |
553.40 |
1,177.60 |
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(b) |
Deferred Tax |
(33.10) |
(27.60) |
(77.90) |
(37.60) |
(78.00) |
8 |
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Net Profit before extra-ordinary item (6-7) |
640.26 |
568.21 |
1,188.98 |
1,066.43 |
1,962.61 |
9 |
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Extra-ordinary item- net of tax (Note 3) |
1,352.77 |
- |
1,352.77 |
- |
- |
10 |
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Net Profit after extra-ordinary item (8+9) |
1,993.03 |
568.21 |
2,541.75 |
1,066.43 |
1,962.61 |
11 |
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Paid up Equity Share capital (face value of Rs.10/- each) |
629.74 |
629.74 |
629.74 |
629.74 |
629.74 |
12 |
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Reserves excluding revaluation reserves |
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12,831.41 |
13 |
(a) |
Basic and diluted EPS before extra-ordinary item |
10.17 |
9.02 |
18.88 |
16.93 |
31.17 |
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(b) |
Basic and diluted EPS after extra-ordinary item |
31.65 |
9.02 |
40.36 |
16.93 |
31.17 |
14 |
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Aggregate of Public shareholding |
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-Number of Shares |
1995647 |
2026145 |
1995647 |
2026145 |
1995647 |
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-% of shareholding |
31.69% |
32.17% |
31.69% |
32.17% |
31.69% |
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Notes:-
1. The above results were reviewed by the Audit Committee and approved and taken on record by the Board at its meeting held on July 21, 2007. The Statutory Auditors have carried out a limited review of the results for the quarter ended June 30, 2007.
2. The shareholders of the Company, at the Extraordinary General Meeting held on 11 June 2007, has approved the resolution regarding delisting the shares of the Company from the Bombay Stock Exchange Ltd. (BSE), National Stock Exchange of India Ltd. (NSE) and Cochin Stock Exchange Ltd. (CSE). With reference to the public announcement published on June 20, 2007, FCI SA (Acquirer) has accepted an exit price of Rs. 700 (Rupees Seven Hundred) per share.
3. The Company has disposed of its automotive division on 30th April, 2007 with effect from 1st January 2007. The extraordinary item represents the profit on sale of automotive division.
4. The results for the current quarter are strictly not comparable with that of the previous quarter due to the sale of automotive division.
5. There were no investor complaints pending at the beginning of the quarter. However, three complaints received during the quarter were disposed of during the quarter, as per the certificate received from our Registrars & Share Transfer Agent, Cameo Corporate Services Ltd, Chennai.
6. The Company's operations relates to only one segment, ie., manufacture and sale of connectors: hence separate segment information is not given.
Cochin P.GEORGE VARGHESE
21.07.2007 MANAGIN DIRECTOR |
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