Micro Inks Ltd has announced the following Audited Results for the year ended December 31, 2007:
The Company has posted a net profit of Rs 681.20 million for the year ended December 31, 2007. Total Income is Rs 11526.60 million for the year ended December 31, 2007.
The Audited Consolidated Results are as follows:
The Group has posted a net profit of Rs 666.30 million for the year ended December 31, 2007. Total Income is Rs 15042.70 million for the year ended December 31, 2007.
During February 2007 the Company has invested an amount of USD 4.05 million equivalent to Rs 178.7 million in Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company, which in turn has invested USD 4.0 million for acquisition of 100% equity and preferred stock of Hostmann-Steinberg Inc., USA from MHM Holding, GmbH, Germany the Holding Company of the Company effective January 01, 2007. Subsequently Hostmann-Steinberg Inc.. USA has been merged with Micro Inks Corporation, USA a wholly owned subsidiary of the Company effective February 01, 2007 and the name of Micro Inks Corporation, USA has been changed to Hostmann-Steinberg Inc., USA effective February 06, 2007. On account of the same, consolidated results are strictly not comparable with previous nine month period.
The Company has posted a net profit of Rs 681.20 million for the year ended December 31, 2007. Total Income is Rs 11526.60 million for the year ended December 31, 2007.
The Audited Consolidated Results are as follows:
The Group has posted a net profit of Rs 666.30 million for the year ended December 31, 2007. Total Income is Rs 15042.70 million for the year ended December 31, 2007.
During February 2007 the Company has invested an amount of USD 4.05 million equivalent to Rs 178.7 million in Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company, which in turn has invested USD 4.0 million for acquisition of 100% equity and preferred stock of Hostmann-Steinberg Inc., USA from MHM Holding, GmbH, Germany the Holding Company of the Company effective January 01, 2007. Subsequently Hostmann-Steinberg Inc.. USA has been merged with Micro Inks Corporation, USA a wholly owned subsidiary of the Company effective February 01, 2007 and the name of Micro Inks Corporation, USA has been changed to Hostmann-Steinberg Inc., USA effective February 06, 2007. On account of the same, consolidated results are strictly not comparable with previous nine month period.
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