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Skf India Reports First Quarter 2008 Results

Release time : 2015-06-12 10:31:37
SKF India Ltd. (a division of SKF AB, Sweden) reported financial results for first quarter 2008, ended March 31, 2008. Sales in the quarter were Rs 3.9 billion (USD $99 million), up 9% from 2007's Rs 3.6 billion Net profit was reported at Rs 378 million ($8.9 million), up 3% from Rs 367 million in 2007. The company said higher sales did not leverage into the same increase in profitability due to sharply higher costs for energy and raw materials.