MPS Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 01:37 pm IST
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MPS Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company's net sales/income from operations was INR 586.6 million compared with INR 608.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 210.7 million compared with INR 255.3 million a year ago. Profit from ordinary activities before tax was INR 229.6 million compared with INR 258.2 million a year ago. Net profit was INR 153.9 million or INR 8.27 per basic and diluted share compared with INR 166.9 million or INR 8.96 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company's net sales/income from operations was INR 1,665.0 million compared with INR 1,690.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 613.4 million compared with INR 681.8 million a year ago. Profit from ordinary activities before tax was INR 745.5 million compared with INR 757.0 million a year ago. Net profit was INR 506.4 million or INR 27.20 per basic and diluted share compared with INR 493.3 million or INR 26.50 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company's net sales/income from operations was INR 800.1 million compared with INR 689.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 241.2 million compared with INR 260.0 million a year ago. Profit from ordinary activities before tax was INR 260.4 million compared with INR 263.1 million a year ago. Net profit was INR 172.0 million or INR 9.24 per basic and diluted share compared with INR 170.2 million or INR 9.14 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company's net sales/income from operations was INR 2,170.8 million compared with INR 1,920.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 667.8 million compared with INR 675.6 million a year ago. Profit from ordinary activities before tax was INR 805.1 million compared with INR 751.3 million a year ago. Net profit was INR 541.0 million or INR 29.06 per basic and diluted share compared with INR 489.3 million or INR 26.28 per basic and diluted share a year ago.
MPS Limited is an India-based company, which is engaged in providing of platforms, content, and learning solutions for the digital world. The Company operates through two segments: Content solutions and Platform solutions. Its Content solutions segment is engaged in creating and developing content for print and digital delivery. It includes content authoring/development, content production, content transformation, fulfilment, and customer support services. Its Platform solutions segment is engaged in developing and implanting various software and technology services programs. The Companyâs platforms include DigiCore, MPSTrak, mag+, THINK360, ScholarStor, ScholarlyStats and MPSInsight. Its MPSTrak is a cloud-based production workflow and content management platform for all product types including books, journals, reference works, and all media. THINK360 is an end-to-end, cloud-based integrated platform that enhances the user's overall content management and delivery experience.