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Wednesday, August 01, 2001

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HBL Nife net profit at Rs 59 lakh

HBL Nife Power Systems Ltd has registered a growth both in turnover and profit for the first quarter of current fiscal year ended June 30, 2001.

The company achieved a net profit of Rs 59 lakh (Rs 53 lakh) on a turnover of Rs 23.81 crore (Rs 21.4 crore).

For the year ended March 31, 2001, the company had posted a net profit of Rs 14.11 crore on a turnover of Rs 152.24 crore. The reserves and surplus stood at Rs 61.01 crore on an equity base of Rs 20.07 crore. -- Our Bureau

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