Cosboard Industries Ltd. Reports Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Results for the Year Ended March 31, 2017
May 29, 2017 at 05:38 pm IST
Cosboard Industries Ltd. reported unaudited standalone earnings results for the fourth quarter and audited results for the year ended March 31, 2017. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 276.539 million against INR 163.859 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14.861 million against INR 21.878 million a year ago. Loss from ordinary activities before tax was INR 1.585 million against profit from ordinary activities before tax of INR 6.824 million a year ago. Net loss for the period was INR 8.605 million against profit of INR 5.671 million a year ago. Basic and diluted loss per share before and after extraordinary items not annualized was INR 2.00 against EPS of INR 1.32 a year ago.
For the year, the company reported net sales/income from operations (net of excise duty) of INR 772.622 million against INR 627.804 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 82.263 million against INR 66.281 million a year ago. Profit from ordinary activities before tax was INR 9.730 million against INR 18.716 million a year ago. Net profit for the period was INR 2.710 million against INR 17.563 million a year ago. Basic and diluted earnings per share before and after extraordinary items not annualized were INR 0.63 against INR 4.09 a year ago.