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Monday, April 27, 2009

JP Associates Q4 profit at Rs3.85bn

JP Associates Q4 profit at Rs3.85bn versus Rs2.1bn. The company posted net sales of Rs20.84bn against Rs12.bn.

Other income was at Rs429mn and EPS was at Rs3.01 against Rs1.84.

Operating margin was at 28.9% against 27.2%.

JP Associates expects FY10 revenue of Rs110bn and cement sales of 14mn metric tons versus 8.7mn metric tons in FY09.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 2 223K 219K
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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