Lakshmi Machine Works Ltd has announced its Unaudited results for the quarter ended June 30, 2008. The company's net sales and income, this quarter, is down nearly 5%, compared to last year.
There was a decline in earnings from the company's textile machinery division. However the machine tool and foundry divisions have registered growth.
LMW posted a net profit after tax of Rs 477.388 million for the quarter ended June 30, 2008 as compared to Rs 492.588 million for the quarter ended June 30, 2007.
LMW's machine tool and foundry divisions registered a revenue of Rs 442.2 million for the quarter ended June 30, 2008 as compared to Rs 414.1 million for the quarter ended June 30, 2007.
Total Income has decreased from Rs 5006.248 million for the quarter ended June 30, 2007 to Rs 4842.942 million for the quarter ended June 30, 2008.
According to a report carried in the Business Line the fall in revenue was due to a decline in earnings from the company's main source of income - the textile machinery division.
The textile machinery division registered a revenue of Rs 4303.2 million for the quarter ended June 30, 2008 as compared to Rs 4526.0 million for the quarter ended June 30, 2007.
Monday, July 28, 2008
China's Kunming Machine Tool sees H1 net profit up 50 pct on higher sales
BEIJING (XFN-ASIA) - Shenji Group Kunming Machine Tool Co Ltd (SHA 600806; HK 0300) said it expects first half net profit under Chinese accounting standards to have risen by 50 pct year-on-year, mainly due to increased output and sales.
The company posted a net profit of 94.34 mln yuan in the first half of 2007, or 0.22 yuan per share.
It is due to release first half audited financial statements on Aug 28.
(1 usd = 6.8 yuan)
zachary.wei@xfn.com - xfnzw/xfntm
The company posted a net profit of 94.34 mln yuan in the first half of 2007, or 0.22 yuan per share.
It is due to release first half audited financial statements on Aug 28.
(1 usd = 6.8 yuan)
zachary.wei@xfn.com - xfnzw/xfntm
Taliban Using Technology as Propaganda Tool
With their own website, magazines, DVDs, audio cassettes, pamphlets and mobile phones, the ICG says, the Taliban are able to capitalize on mistakes made by the government and its allies and reveal their own "inflated tales of battlefield exploits."
Machine tool fitter
Must have experience of fitting and an appreciation of machine tools.
Needs to be able to work unsupervised, on their own inititive and fit into a small team.
Must be able to maintain good standards of cleanliness, be prepared to tidy up and have a sound understanding of good working practice and Health & Safety requirements.
Working hours are 40 hours, Monday to Friday, with 20 days paid holiday per year, plus statutory holidays.
The position is salaried, and overtime is available in certain circumstances.
Starting salary will be negotiable depending upon capabilities, and the position is permanent following a 12-month probationary period.
Site work is possible for installation and maintenance of the machines.
Our client doesn't operate a pension scheme, but can offer the Stakeholder Pension scheme.
DUTIES
The successful applicant will be responsible for the building and testing of a 3 axis CNC Router.
This requires marking out of components, manual and pedestal drilling and tapping, turning and milling of small components, a small amount of welding, assembly of small components, assembly of the machine table and gantry, installation and setting up of linear rails, installation of drive mechanisms and rack and pinions, checking levels and shimming as required, a small amount of painting of the machine frame and gantry.
Testing of the machine for sureness and accuracy.
Installation and maintenance of the machines at the customer's site.
Operating the machine for testing purposes, so knowledge of CNC operation would be an advantage.
Training will be provided, but a good basic understanding of machine tool fitting is required.
Our client has a new product and there is an opportunity for the right candidate to hopefully grow with them as their business progresses.
Needs to be able to work unsupervised, on their own inititive and fit into a small team.
Must be able to maintain good standards of cleanliness, be prepared to tidy up and have a sound understanding of good working practice and Health & Safety requirements.
Working hours are 40 hours, Monday to Friday, with 20 days paid holiday per year, plus statutory holidays.
The position is salaried, and overtime is available in certain circumstances.
Starting salary will be negotiable depending upon capabilities, and the position is permanent following a 12-month probationary period.
Site work is possible for installation and maintenance of the machines.
Our client doesn't operate a pension scheme, but can offer the Stakeholder Pension scheme.
DUTIES
The successful applicant will be responsible for the building and testing of a 3 axis CNC Router.
This requires marking out of components, manual and pedestal drilling and tapping, turning and milling of small components, a small amount of welding, assembly of small components, assembly of the machine table and gantry, installation and setting up of linear rails, installation of drive mechanisms and rack and pinions, checking levels and shimming as required, a small amount of painting of the machine frame and gantry.
Testing of the machine for sureness and accuracy.
Installation and maintenance of the machines at the customer's site.
Operating the machine for testing purposes, so knowledge of CNC operation would be an advantage.
Training will be provided, but a good basic understanding of machine tool fitting is required.
Our client has a new product and there is an opportunity for the right candidate to hopefully grow with them as their business progresses.
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