Apcotex Industries Ltd Reports Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 25, 2013 at 10:33 pm IST
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Apcotex Industries Ltd. reported audited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations of INR 609.766 million against INR 600.984 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 56.922 million against INR 51.868 million for the same period last year. Profit from ordinary activities before tax was INR 45.217 million against INR 37.933 million for the same period last year. Net profit for the period was INR 33.388 or INR 6.44 per basic and diluted share against INR 25.512 million or INR 4.92 per basic and diluted share for the same period last year.
For the nine months, the company reported total income from operations of INR 2,030.774 million against INR 1,878.877 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 176.978 million against INR 157.072 million for the same period last year. Profit from ordinary activities before tax was INR 131.862 million against INR 114.271 million for the same period last year. Net profit for the period was INR 92.952 or INR 17.93 per basic and diluted share against INR 79.904 million or INR 15.41 per basic and diluted share for the same period last year.
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Companyâs range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.