SKM Egg Products Export India slumps as Q1 profit falls

Skm Egg Products Export India

08/08/2024 07:53

** Shares of SKM Egg Products Export (India)  SKME.NS  drop
as much as 13%, sharpest intraday slide since December 2020
    ** Egg and egg products company reports ~66% drop in Q1
profit to 120.9 mln rupees  ($1.4 mln)
    ** Revenue falls 44% to 1.18 bln rupees, although expenses
fall to 1.07 bln from 1.65 bln
    ** Trading vols 3x 30-day avg
    ** SKME last down 9%, taking YTD losses to 34%

($1 = 83.9230 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))