Titan Biotech Limited Announces Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2015
January 29, 2016 at 07:21 pm IST
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Titan Biotech Limited announced unaudited standalone earnings results for third quarter and nine months ended Dec. 31, 2015. For the quarter, the company reported net sales/income from operations of INR 115.107 million, profit from operations before other income, finance costs & exceptional items of INR 7.290 million, profit before tax of INR 6.816 million, net profit of INR 4.268 million or INR 0.55 per basic and diluted share compared to the net sales/income from operations of INR 83.041 million, profit from operations before other income, finance costs & exceptional items of INR 5.993 million, profit before tax of INR 6.134 million, net profit of INR 4.05 million or INR 0.52 per basic and diluted share for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations of INR 331.801 million, profit from operations before other income, finance costs & exceptional items of INR 24.008 million, profit before tax of INR 19.563 million, net profit of INR 12.271 million or INR 1.59 per basic and diluted share compared to the net sales/income from operations of INR 283.536 million, profit from operations before other income, finance costs & exceptional items of INR 21.966 million, profit before tax of INR 18.431 million, net profit of INR 12.167 million or INR 1.57 per basic and diluted share for the same period a year ago.
Titan Biotech Limited is an India-based company primarily engaged in the business of biological products. The Company is a manufacturer and exporter of the biological products used in the field of pharmaceuticals, nutraceutical, food and beverages, biotechnology and fermentation, cosmetic, veterinary and animal feed, agriculture industries, microbiology, and others. The Company manufactures peptones, biological extracts, culture media and chemicals. It offers its products under various categories, such as Food Ingredients, Collagen and Proteins, Pharmaceuticals and Nutraceuticals, Animal Nutrition, Probiotics and Fermentation Ingredients, Agriculture Products, Culture Media and Natures Island. Its Food Ingredients include hydrolyzed vegetable protein (HVP), yeast extract powder, calcium propionate powder, potassium sorbate and calcium lactate. Its Collagen and Proteins include soya protein isolate, collagen peptides, chicken protein isolate, brown rice protein, and others.