Kohinoor Foods Limited Reports Earnings Results for the First Quarter Ended June 30, 2023
August 14, 2023 at 04:40 pm IST
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Kohinoor Foods Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 256.2 million compared to INR 213.2 million a year ago. Revenue was INR 256.2 million compared to INR 214.3 million a year ago.
Net loss was INR 10.4 million compared to net income of INR 93.4 million a year ago. Basic loss per share from continuing operations was INR 0.28 compared to basic earnings per share from continuing operations of INR 2.52 a year ago. Diluted loss per share from continuing operations was INR 0.28 compared to diluted earnings per share from continuing operations of INR 2.52 a year ago.
Kohinoor Foods Limited is an India-based company, which is engaged in the business of manufacturing, trading, and marketing food products. The Company has wide assortment of food products that includes basmati rice, wheat flour, ready to eat curries and meals, simmer sauces, cooking pastes to spices, seasonings, and frozen food. It has further expanded its product basket to pure ghee, paneer (Indian cottage cheese), ready mixes, namkeens and sweets. Its Basmati Rice includes Premium Basmati, Monsoon Basmati, Exclusive Range, Brown Basmati, Organic Rice. The Companyâs packaged food includes Ready to Eat Foods, Ready to Cook Frozen Foods, Indian Namkeen, Spices, Rice Bran Oil and Ghee. The Company offers its products under the Kohinoor brand name. The Company serves across the globe including United States, Canada, Australia, New Zealand and the United Kingdom to the Middle East and Southeast Asian countries.