Himatsingka Seide Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 06:33 pm IST
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Himatsingka Seide Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the group reported net sales of INR 4,332.4 million, profit from operations before other income, finance cost and exceptional items of INR 299.2 million, profit from ordinary activities before tax of INR 157.2 million and net profit after minority interest of INR 130.3 million or INR 1.32 per basic and diluted share compared to net sales of INR 395.66 million, profit from operations before other income, finance cost and exceptional items of INR 292.0 million, profit from ordinary activities before tax of INR 154.7 million and net profit after minority interest of INR 112.1 million or INR 1.14 per basic and diluted share reported in the same period last year.
For the quarter, the group reported net sales of INR 1,267.51 million, profit from operations before other income, finance cost and exceptional items of INR 833.4 million, profit from ordinary activities before tax of INR 415.3 million and net profit after minority interest of INR 348.7 million or INR 3.54 per basic and diluted share compared to net sales of INR 10,773.1 million, profit from operations before other income, finance cost and exceptional items of INR 694.5 million, profit from ordinary activities before tax of INR 415.5 million and net profit after minority interest of INR 310.1 million or INR 3.15 per basic and diluted share reported in the same period last year.
For the quarter, the parent company reported net sales of INR 1,762.0 million, profit from operations before other income, finance cost and exceptional items of INR 189.1 million, profit from ordinary activities before tax of INR 132.6 million and net profit of INR 132.6 million or INR 1.35 per basic and diluted share compared to net sales of INR 1,783.5 million, profit from operations before other income, finance cost and exceptional items of INR 216.4 million, profit from ordinary activities before tax of INR 162.4 million and net profit of INR 162.4 million or INR 1.65 per basic and diluted share reported in the same period last year.
For the quarter, the parent company reported net sales of INR 5,068.3 million, profit from operations before other income, finance cost and exceptional items of INR 451.4 million, profit from ordinary activities before tax of INR 273.4 million and net profit of INR 273.4 million or INR 2.78 per basic and diluted share compared to net sales of INR 4,894.9 million, profit from operations before other income, finance cost and exceptional items of INR 365.8 million, profit from ordinary activities before tax of INR 168.9 million and net profit of INR 168.9 million or INR 1.72 per basic and diluted share reported in the same period last year.
Himatsingka Seide Limited is an India-based vertically integrated textile company. The Company designs, develops, manufactures, distributes, and retails a suite of textile products. The Company has two manufacturing facilities in India and has retail and distribution businesses across North America, Europe, and Asia. It is also involved in spinning, weaving, and finishing textiles, and manufacturing of other textiles. The Company offers made-up bedding products, drapery and upholstery fabrics, towels, and cotton yarn. Its cotton brands portfolio comprises Pimacott, Gizacott, HomeGrown Cotton and Organicott. Its global fashion brands, comprising Calvin Klein, Tommy Hilfiger and Kate Spade New York. The Companyâs solutions include bedding solutions, bath solutions, yarn and fiber solutions and drapery and upholstery solutions. Its subsidiaries include Himatsingka Wovens Private Limited, Himatsingka Holdings NA Inc, and Himatsingka America Inc.