Asian Tea & Exports Ltd. Reports Unaudited and Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2020
October 21, 2020 at 01:07 pm
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Asian Tea & Exports Ltd. reported unaudited and audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2020. For the quarter, on standalone basis, the company reported unaudited revenue from operation of INR 15.599 million against INR 564.166 million a year ago. Total revenue was INR 15.549 million compared to INR 569.582 million a year ago. Profit for the period was INR 5.361 million or INR 0.54 per basic and diluted share before and after extraordinary items (not annualized) against INR 5.274 million or INR 0.53 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the year, on standalone basis, the company reported audited revenue from operation of INR 2,192.546 million against INR 1,512.090 million a year ago. Total revenue was INR 2,202.790 million compared to INR 1,522.719 million a year ago. Profit for the period was INR 21.128 million or INR 2.11 per basic and diluted share before and after extraordinary items (not annualized) against INR 10.169 million or INR 1.02 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the quarter, on consolidated basis, the company reported unaudited revenue from operation of INR 103.536 million against INR 563.852 million a year ago. Total revenue was INR 82.159 million compared to INR 570.547 million a year ago. Loss for the period was INR 14.016 million or INR 1.40 per basic and diluted share before and after extraordinary items (not annualized) against profit for the period of INR 6.168 million or INR 0.62 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the year, on consolidated basis, the company reported audited revenue from operation of INR 2,364.209 million against INR 1,530.395 million a year ago. Total revenue was INR 2,381.979 million compared to INR 1,543.608 million a year ago. Profit for the period was INR 27.740 million or INR 2.77 per basic and diluted share before and after extraordinary items (not annualized) against INR 12.652 million or INR 1.27 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
Asian Tea and Exports Limited is an India-based company, which is engaged in exporting tea. The Company is involved in plantation and manufacturing, trading and exports of tea, international trade, and imports of various commodities. It sells fiber boards, elevators, yellow peas, rice, and pulses. Its operating segments include Domestic and International. It exports rice, sugar, and other commodities to countries in Africa, Middle east, and other countries. The Company is also engaged in International and Domestic Trade of Foodstuff and other commodities. It offers variety of pulses, such as like yellow peas, pigeon peas (Toor), red lentils (Masoor), Udat and soyabean, and cashew nuts, which are traded internationally with countries like Russia, Ukraine, Lithuania, Canada, Argentina, Tanzania, Mozambique, Benin, Burma, and others. It offers different types of teas, such as black tea, green tea, and oolong tea. It also exports parboiled, steamed, and raw rice.
Asian Tea & Exports Ltd. Reports Unaudited and Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2020
ASIAN TEA AND EXPORTS LTD. 
