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Wartsila posts sharp jump in net

Nov 1, 1999

Wartsila has posted a sharp jump in net profits for the quarter ended 30th September 1999. The company has benefited from the surge in sales and the improvement in operating efficiencies.

  3QFY2000 3QFY1999 Change
Net Sales 707 384 84.1%
Other Income - 5 -100.0%
Expenditure 658 388 69.6%
Interest 4 4 0.0%
Depreciation 6 4 50.0%
Profit before Tax 39 7 457.1%
Tax 15 (8) NM
Profit after Tax 24 1 2300.0%
Net profit margin 3.4% 0.3%  

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