Asian Tea and Exports Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
February 19, 2021 at 03:40 pm
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Asian Tea and Exports Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2020. For the quarter, on standalone basis, the company reported revenue from operations was INR 158.450 million compared to INR 563.793 million a year ago. Total revenue was INR 158.305 million against INR 565.688 million a year ago. Profit for the period was INR 5.715 million against INR 1.748 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) was INR 0.57 compared to INR 0.17 a year ago.
For the nine months, on standalone basis, the company reported revenue from operations was INR 392.946 million compared to INR 2,176.947 million a year ago. Total revenue was INR 414.062 million against INR 2,187.241 million a year ago. Profit for the period was INR 3.894 million against INR 15.767 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) was INR 0.39 compared to INR 1.58 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations was INR 219.010 million compared to INR 636.853 million a year ago. Total revenue was INR 223.093 million against INR 652.111 million a year ago. Profit for the period was INR 15.044 million against INR 15.249 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) was INR 1.50 compared to INR 1.52 a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations was INR 505.628 million compared to INR 2,260.673 million a year ago. Total revenue was INR 564.158 million against INR 2,299.820 million a year ago. Profit for the period was INR 36.746 million against INR 41.755 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) was INR 3.67 compared to INR 4.18 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 and Exports Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020