Videocon Industries has reported results for the fourth quarter ended December 31, 2012.
The company has reported 98.80% fall in its net profit at Rs 1.04 crore as compared to Rs 86.42 crore for the same quarter in the previous year. Total income fromthe operationn of the company has decreased by 0.17% at Rs 3082.63 crore for quarter under review as compared to Rs 3087.99 crore for the quarter ended December 31, 2011.
For the year ended December 31, 2012, the company has posted a fall of 78.61% in its net profit at Rs 116.70 crore as compared to Rs 545.56 crore for the same period in the previous year. Total income from operation has decreased by 4.31% at Rs 12,105.29 crore for year under review as compared to Rs 12,650.22 crore for the period ended December 31, 2011.
Videocon Industries, established two decades ago, is a global conglomerate with market capitalization of $2.5 billion. Videocon’s businesses’ consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
