Poly Medicure Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 25, 2014 at 06:33 pm IST
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Poly Medicure Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operation of INR 784.124 million against INR 612.460 million a year ago. Total income from operation was INR 802.928 million compared to INR 629.858 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 134.817 million against INR 133.392 million a year ago. Profit from ordinary activities before tax was INR 151.978 million against INR 115.868 million a year ago. Net profit for the period was INR 110.598 million against INR 82.449 million a year ago. Diluted earnings per share before extraordinary items were INR 5.01 against INR 3.74 a year ago.
For the nine months, the company reported net sales/income from operation of INR 2,240.298 million against INR 1,791.183 million a year ago. Total income from operation was INR 2,304.966 million compared to INR 1,831.211 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 463.863 million against INR 253.635 million a year ago. Profit from ordinary activities before tax was INR 455.078 million against INR 203.848 million a year ago. Net profit for the period was INR 316.491 million against INR 147.753 million a year ago. Diluted earnings per share before extraordinary items were INR 14.35 against INR 6.70 a year ago.
Poly Medicure Limited is an India-based medical devices company. The Company is engaged in manufacturing and selling medical devices. The Company holds a portfolio of over 375 patents covering a range of products in various areas, including vascular access, renal care, transfusion and diagnostics systems. These products cater to a range of therapeutic segments, such as infusion therapy, oncology, anesthesia and respiratory care, urology, gastroenterology, blood management and blood collection, surgery and wound drainage, dialysis, central venous access catheters, veterinary medical devices, and others. It supplies its products to more than 100 countries across Europe, Africa, the Americas, Australia, and Asia. Its products include IV cannula, arterial cannula, prefilled syringe, nasogastric feeding tube, gastro-duodenal feeding tube, umbilical catheter, irrigation sets, urine drainage catheters and others. It operates ten manufacturing facilities across India, China, Egypt and Italy.
POLY MEDICURE LIMITED 
