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Wednesday, January 27, 2010

SAIL Q3 net doubles, beats forecast

Three months ended Dec. 31.

(Versus the same period a year earlier, in billion rupees unless stated)

Net profit 16.76 vs 8.43

Net sales 96.97 vs 87.24

NOTE: State-run Steel Authority of India Ltd is India's largest domestic producer of the metal.

A Reuters poll of 12 brokerages had estimated quarterly profit at 14.07 billion rupees on net sales of 97.80 billion.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 05
07:00 Imports (MoM) 2 1.1% -2.4% Revised from -2.2%
07:00 Exports (MoM) 2 -2.4% 7.2% Revised from 7.6%
n/a Unemployment Rate s.a (MoM) 1 2.9% 2.8% 2.8%
13:15 BoE's Greene speech 2
14:00 S&P Global Construction PMI 1 47.9 47.2 46.6
17:00 Challenger Job Cuts 2 105.441K
18:00 Goods and Services Trade Balance 1 $-94.0B $-140.5B
18:00 Initial Jobless Claims 4-week average 1 230.75K
18:00 Initial Jobless Claims 2 235K 240K
18:00 Continuing Jobless Claims 1 1.910M 1.919M
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