JIK Ind. board to consider issue of shares
JIK Ind. board to consider issue of shares >A meeting of the board of directors (BoD) of JIK Industries will be held on Sep. 27, 2007, to consider issue of equity shares to investors on private placement basis.
J I K Industries swung to a loss for the quarter ended March 2007. During the quarter, the company reported a loss of Rs 13.81 million, compared with a profit of Rs 15.18 million, in the corresponding quarter last year.
Net sales for the quarter declined 91.43%, to Rs 0.03 million, compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 0.05 , or 0.6%, to Rs 8.35. The total volume of shares traded were 5,480 at th e BSE.(Wednesday).
