Umang Dairies Ltd Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Launches New Product Liquid Milk
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 1,050.204 million against INR 1,006.534 million for the same period last year. Profit from operations before other income, finance cost was INR 35.137 million against INR 99.588 million for the same period last year. Profit from ordinary activities before tax was INR 35.588 million against INR 103.023 million for the same period last year. Net profit for the period was INR 23.863 million against INR 103.023 million for the same period last year. Basic and diluted earnings per share were INR 1.08 against INR 4.68 for the same period last year.
The company has launched a new product LIQUID MILK, under the brand name "JK MILK", on 6th Jan. 2014, initially at Lucknow.