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Garware Marine Industries net profit declines 63.64% in the June 2008 quarter

Sales decline 11.74% to Rs 2.63 crore
Net profit of Garware Marine Industries declined 63.64% to Rs 0.08 crore in the quarter ended June 2008 as against Rs 0.22 crore during the previous quarter ended June 2007. Sales declined 11.74% to Rs 2.63 crore in the quarter ended June 2008 as against Rs 2.98 crore during the previous quarter ended June 2007.
For the full year, net profit declined 35.82% to Rs 0.43 crore in the year ended June 2008 as against Rs 0.67 crore during the previous year ended June 2007. Sales declined 5.26% to Rs 11.34 crore in the year ended June 2008 as against Rs 11.97 crore during the previous year ended June 2007.

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