Apcotex Industries Ltd Reports Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 01:14 pm
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Apcotex Industries Ltd. reported audited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations (net) of INR 712.470 million compared to INR 609.766 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 60.549 million compared to INR 56.790 million a year ago. Profit from ordinary activates before tax was INR 38.834 million compared to INR 45.217 million a year ago. Net profit was INR 30.955 million or INR 2.99 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 33.388 million or INR 3.22 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the nine months period, the company reported total income from operations (net) of INR 2,167.512 million compared to INR 2,030.774 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 184.736 million compared to INR 177.225 million a year ago. Profit from ordinary activates before tax was INR 123.812 million compared to INR 131.862 million a year ago. Net profit was INR 94.706 million or INR 9.13 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 92.952 million or INR 8.96 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Companyâs range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.