AB Nuvo posts net loss

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New Delhi, Mumbai, Oct 24: quarter ended September 30 grew 12.23% at Rs 121.71 crore over the corresponding period a year ago.

The company had a net profit of Rs 108.44 crore in Q2 of fiscal 2008, Asian Paints said in a filing to the Bombay Stock Exchange.

Total income of the firm rose to Rs 1,186.01 crore in the quarter under review, from Rs 916.91 crore in the same period last fiscal.

The company's board of directors has approved payment of interim dividend of Rs 6.50 per equity share of Rs 10 each for the financial year ending March 31, 2009.

United Breweries net plunges 51%

Liquor baron Vijay Mallya-led United Breweries said its net profit for the second quarter ended September 30 declined a 50.95% at Rs 5.16 crore, from the corresponding period a year ago.

The company's net sales rose to Rs 361.12 crore for the quarter under review, from Rs 280.65 crore in the same period a year ago, United Breweries informed the Bombay Stock Exchange.

For the six-month ended September 30, the company has posted a net profit of Rs 27.77 crore, against Rs 42.21 crore in the same quarter corresponding year. United Breweries has declared an interim dividend of 15% on the enhanced capital on September 10, amounting Rs 4.21 crore and the same has been paid, the filing added.

GE Shipping net up 47%

Great Eastern Shipping Company said its net profit for the second quarter ended September 30 stood at Rs 506.15 crore, a 47.65% growth over the corresponding period a year ago.

The company had a net profit of Rs 342.79 crore for the same quarter last fiscal, Great Eastern Shipping Company Ltd said in a filing to the Bombay Stock Exchange.

The standalone total income rose to Rs 864.09 crore for the quarter under review, from Rs 717.15 crore for the September quarter previous year.

For the six months ended September 30, 2008, GE Shipping posted a net profit of Rs 893.74 crore, against Rs 763.83 crore for the same period a year ago, up by 17%. Total income rose to Rs 1,820.45 crore for the reviewed period, from Rs 1,433.15 crore in the same period last fiscal.

Bharat Elec net rises marginally

Navratna company Bharat Electronics Ltd said its net profit for the second quarter ended September 30 grew marginally at Rs 123.73 crore over the corresponding period a year ago.