ELGI Rubber International Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2011
January 27, 2012
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ELGI Rubber International Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended Dec. 31, 2011. For the quarter, the parent company reported profit from operations before other income, interest and exceptional items of INR 14.160 million, profit before interest & exceptional items of INR 24.717 million, profit from ordinary activities before tax of INR 29.066 million and net profit of INR 23.112 million or INR 0.46 per basic and diluted share on net sales of INR 291.049 million.
For the quarter, the group (consolidated) reported profit from operations before other income, interest and exceptional items of INR 47.045 million, profit before interest & exceptional items of INR 58.565 million, profit from ordinary activities before tax of INR 81.978 million and net profit of INR 60.355 million or INR 1.21 per basic and diluted share on net sales of INR 1,232.297 million compared to profit from operations before other income, interest and exceptional items of INR 47.045 million, profit before interest & exceptional items of INR 58.565 million, profit from ordinary activities before tax of INR 81.978 million and net profit of INR 60.355 million or INR 1.21 per basic and diluted share on net sales of INR 1,232.297 million reported in the same period last year.
For the nine months, the parent company reported profit from operations before other income, interest and exceptional items of INR 68.280 million, profit before interest & exceptional items of INR 96.304 million, profit from ordinary activities before tax of INR 116.909 million and net profit of INR 79.727 million or INR 1.59 per basic and diluted share on net sales of INR 826.735 million.
For the nine months, the group (consolidated) reported profit from operations before other income, interest and exceptional items of INR 193.889 million, profit before interest & exceptional items of INR 233.319 million, profit from ordinary activities before tax of INR 251.760 million and net profit of INR 159.095 million or INR 3.18 per basic and diluted share on net sales of INR 3,443.695 million compared to profit from operations before other income, interest and exceptional items of INR 193.889 million, profit before interest & exceptional items of INR 233.319 million, profit from ordinary activities before tax of INR 251.760 million and net profit of INR 159.095 million or INR 3.18 per basic and diluted share on net sales of INR 3,443.695 million reported in the same period last year.
ELGI Rubber Co Ltd is engaged in providing solutions to the rubber industry. The Company is also engaged in the business of manufacturing reclaimed rubber, retreading machinery, and retreading rubber. The Company sells its products in various brands, including Jet, CRS, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources and Rubber Compounding Holland. Jet brand includes a range of tire and tube repairs and retreading and repair equipment. CRS brand offers Cincinnati Retread Systems. Armonas brand manufactures retread auxiliary machines, exhaust, and rubber dust handling equipment. Pincott offers rasps, blades, hubs, and spacers. Carbrasive brand offers brazed carbide tools. Midwest Rubber brand offers gums, adhesives, and sealants. Rubber Resources brand offers inner liner, tread, sidewall, and carcass compounds. Rubber Compounding Holland brand is specialized in the production of colored and black rubber compounds in both masterbatch and final batch.
ELGI Rubber International Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2011