Aro Granite Industries Limited Reports Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 25, 2017 at 09:51 am
Share
Aro Granite Industries Limited reported standalone unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported net sales/income from operations of INR 514.342 million, profit from operations before other income and finance costs and exceptional items of INR 39.72 million, profit from ordinary activities before tax of INR 32.986 million, net profit of INR 27.752 million or INR 1.81 per basic and diluted share compared to the net sales/income from operations of INR 453.249 million, loss from operations before other income and finance costs and exceptional items of INR 2.009 million, loss from ordinary activities before tax of INR 4.614 million, net loss of INR 3.907 million or INR 0.26 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 1,823.31 million, profit from operations before other income and finance costs and exceptional items of INR 174.112 million, profit from ordinary activities before tax of INR 141.946 million, net profit of INR 111.064 million or INR 7.26 per basic and diluted share compared to the net sales/income from operations of INR 1,655.638 million, profit from operations before other income and finance costs and exceptional items of INR 99.004 million, profit from ordinary activities before tax of INR 44.61 million, net profit of INR 38.581 million or INR 2.52 per basic and diluted share for the same period a year ago.
Aro Granite Industries Limited is an India-based company. The Company is engaged in the manufacturing and trading of granite slabs and tiles. The Company operates through two segments: Manufacturing of Engineered Quartz Stone Slabs and Manufacturing of Natural Stone Granites Slab and Tiles. The Companyâs products include slabs, tiles, cut-to-size, and quartz. It offers products in an array of finishes, including polished finish, flamed finish, honed finish, brushed finish, leather finish and caress finish. It processes Indian, African, Finland, Norway, Brazil, Iran, African and Ukraine Granite regularly. It also offers slabs as per the customerâs specific requirements. It exports to over 45 countries around the world. The Tiling Plant has an installed capacity of approximately 360,000 square meters per annum. Its customer network spans the globe and is meeting the granite needs of United States, Canada, Europe, Japan, Far East and South Pacific Countries.