Two-Up Financial Services Limited announced audited standalone and consolidated earnings results for the quarter and year ended March 31, 2014. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 4.944 million compared to INR 10.535 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 3.118 million against INR 0.910 million a year ago. Profit from ordinary activities before tax was INR 2.728 million against loss from ordinary activities before tax of INR 0.366 million a year ago. Net profit was INR 2.728 million or INR 0.05 basic and diluted per share after extra ordinary items compared to net loss of INR 0.390 million or INR 0.01 basic and diluted earnings per share after extra ordinary items a year ago.

For the year, on standalone basis, net sales/income from operations of INR 24.565 million compared to INR 40.547 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 10.776 million against INR 4.351 million a year ago. Loss from ordinary activities before tax was INR 0.834 million against profit from ordinary activities before tax of INR 1.015 million a year ago. Net loss was INR 0.834 million or INR 0.01 basic and diluted per share after extra ordinary items compared to net profit of INR 0.779 million or INR 0.02 basic and diluted earnings per share after extra ordinary items a year ago.

For the year, on consolidated basis, net sales/income from operations of INR 30.371 million, loss from operations before other income, finance costs and exceptional items of INR 32.914 million, loss from ordinary activities before tax of INR 18.223 million, net loss of INR 18.223 million or INR 0.35 basic and diluted per share after extra ordinary items.