Advanced Enzyme Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 11, 2023 at 12:18 pm IST
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Advanced Enzyme Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,421.12 million compared to INR 1,335.58 million a year ago. Revenue was INR 1,506.27 million compared to INR 1,347.64 million a year ago. Net income was INR 294.36 million compared to INR 274.84 million a year ago. Basic earnings per share from continuing operations was INR 2.63 compared to INR 2.46 a year ago. Diluted earnings per share from continuing operations was INR 2.63 compared to INR 2.45 a year ago.
For the nine months, sales was INR 4,019.27 million compared to INR 3,976.49 million a year ago. Revenue was INR 4,163.06 million compared to INR 4,006.67 million a year ago. Net income was INR 735.15 million compared to INR 951.5 million a year ago. Basic earnings per share from continuing operations was INR 6.57 compared to INR 8.51 a year ago. Diluted earnings per share from continuing operations was INR 6.57 compared to INR 8.5 a year ago.
Advanced Enzyme Technologies Limited is an India-based company, engaged in manufacturing enzymes and probiotics. The Company is focused on the research and development, manufacturing, and marketing of approximately 400 products, which is developed from over 68 indigenous enzymes and probiotics. It provides solutions to various industries, such as human health care and nutrition, animal nutrition, baking, fruit, and vegetable processing, brewing, and malting, grain processing, protein modification, dairy processing, textile processing and others. It offers products and solutions for human nutrition, which include serratiopeptidase, fungal lactase, fungal lipase, and papain; animal nutrition, which include DigeGrain X, DigeGrain XL and DigeGrain M; food processing, including dairy and cheese processing and yeast processing, and non-food processing, including textiles processing, leather, and biofuels. Its oils and fats processing include oil extraction, oil refining, and others.