Paramount Communications Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 30, 2015 at 08:49 pm IST
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Paramount Communications Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis, net loss was INR 376.17 million or INR 3.00 basic and diluted loss per share on total income of INR 1,217.879 million compared to net loss of INR 429.222 million or INR 3.43 basic and diluted loss per share on total income of INR 1,191.064 million for the corresponding period last year. Loss from operations before other income, interest & exceptional items was INR 154.9 million against INR 5.641 million for the same period last year. Loss from ordinary activities before tax was INR 376.17 million against INR 429.222 million for the comparable period last year.
For the nine months, on standalone basis, net loss was INR 729.86 million or INR 5.83 basic and diluted loss per share on total income of INR 3,195.873 million compared to net loss of INR 943.382 million or INR 7.53 basic and diluted loss per share on total income of INR 3,011.097 million for the corresponding period last year. Loss from operations before other income, interest & exceptional items was INR 330.525 million against INR 341.651 million for the same period last year. Loss from ordinary activities before tax was INR 729.86 million against INR 943.382 million for the comparable period last year.
For the quarter, on consolidated basis, net loss was INR 377.088 million or INR 3.01 basic and diluted loss per share on total income of INR 1,217.809 million compared to net loss of INR 457.731 million or INR 3.66 basic and diluted loss per share on total income of INR 1,758.682 million for the corresponding period last year. Loss from operations before other income, interest & exceptional items was INR 156.441 million against INR 109.991 million of prior year period. Loss from ordinary activities before tax was INR 377.088 million against INR 458.452 million of prior year period.
For the nine months, on consolidated basis, net loss was INR 709.586 million or INR 5.67 basic and diluted loss per share on total income of INR 3,203.303 million compared to net loss of INR 797.865 million or INR 6.37 basic and diluted loss per share on total income of INR 4,672.709 million for the corresponding period last year. Loss from operations before other income, interest & exceptional items was INR 333.060 million against INR 365.468 million of prior year period. Loss from ordinary activities before tax was INR 709.586 million against INR 798.752 million of prior year period.
Paramount Communications Limited is an India-based wires and cables company. The Company is engaged in the manufacturing business of wires and cables comprising power cables, telecommunication cables, railway cables and specialized cables. Its segments include Wire and Cables, and Pipes. Its products include high-tension (HT) and low-tension (LT) power cables, HT and LT aerial bunch cables, control and instrumentation cables, optical fiber cables (OFC) and fiber-to-the-home (FTTH), jelly-filled cables, community antenna television (CATV) cables, signaling cables, axle counter cables, railway power cables, polytetrafluoroethylene (PTFE) cables, fire survival cables, solar cables and optical ground wire (OPGW). The Company has manufacturing units in Khushkhera, Rajasthan and Dharuhera, Haryana. Its products are exported to Australia, Bangladesh, Chile, Ghana, Libya, Myanmar, Nigeria, Tanzania, United Arab Emirates (UAE), the United Kingdom, the United States and Zambia, among others.
Paramount Communications Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014