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Areva Q1 operating profit up 53%

Areva Q1 operating profit up 53%
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First Published: Fri, Jul 20 2007. 04 20 PM IST
Updated: Fri, Jul 20 2007. 04 20 PM IST
PTI
New Delhi: Power distribution equipment maker, Areva T&D, on 20 July reported a 53% jump in operating profit to Rs58 crore for the quarter ended 30 June 2007.
The company’s sales in the quarter stood at Rs389 crore up 19% from the corresponding quarter last fiscal, Areva said in a statement.
It attributed the improved performance to the sustained progress in portfolio and sourcing optimisation, capacity increase and improved process efficiency.
“We are positioning the company so as to grasp the future growth of the Indian market. This has increased the company’s order intake by 22% on a like-to-like basis compared to Q1 of 2006,’’ Areva T&D chief financial officer Karim Vissandjee said in the statement.
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First Published: Fri, Jul 20 2007. 04 20 PM IST