Micro Inks net at Rs 68.12 cr for 2007

Monday, February 18, 2008, 12:34 [IST]

New Delhi, Feb 18 (UNI) Micro Inks Ltd today said it posted a net profit of Rs 68.12 crore for the year ended December 31, 2007.

Its total income is at Rs 1,152.66 crore for the year ended December 31, 2007.

The consolidated results of the group posted a net profit of Rs 66.63 crore for the year ended December 31, 2007.

Its total income is at Rs 1,504.27 crore in the same period.

The compay said in a statement that during February 2007 it has invested an amount of Rs 17.87 crore in Micro Inks GmbH, Austria, a wholly owned subsidiary of the company, which in turn has invested 4 million dollars for acquisition of 100 per cent equity of Hostmann-Steinberg Inc, USA from MHM Holding, GmbH, Germany.

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