Date: 2013-08-01

SKF India Reports First Quarter 2008 Results

SKF India Ltd. (a division of SKF AB, Sweden) reported financial results for first quarter 2008, ended March 31, 2008.

Sales in the quarter were Rs 3.9 billion (USD $99 million), up 9% from 2007's Rs 3.6 billion

Net profit was reported at Rs 378 million ($8.9 million), up 3% from Rs 367 million in 2007.

The company said higher sales did not leverage into the same increase in profitability due to sharply higher costs for energy and raw materials.

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