Profits ok, but Sales are not upto the level: MIC ELECTRONICS

A leadign LED maker MIC Electronics(CMP:Rs.51.00) net profit rose 138.21% to Rs 23.44 crore for the quarter ended September 2008 as against Rs 9.84 crore during the previous quarter ended September 2007. Sales rose 0.23% to Rs 75.60 crore in the quarter ended September 2008 as against Rs 75.43 crore during the previous quarter ended September 2007. MIC has posted Q 2 net profits more or less to 1st quarter, but the sales are more concern for this stock as the company is having sound order book but it has not performed for the 2nd quarter. But some what it has disappointed the markets.(thebullishtrends)