ASM Technologies Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 30, 2017 at 10:56 am
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ASM Technologies Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 199.870 million against INR 486.826 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 15.938 million against INR 40.538 million a year ago. Profit from ordinary activities before tax was INR 19.440 million against INR 30.518 million a year ago. Net profit for the period was INR 9.23 million against INR 14.939 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not to be annualized) were INR 1.85 against INR 2.99 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 600.862 million against INR 1,386.61 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 62.39 million against INR 125.896 million a year ago. Profit from ordinary activities before tax was INR 61.241 million against INR 109.701 million a year ago. Net profit for the period was INR 36.922 million against INR 59.346 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not to be annualized) were INR 7.38 against INR 11.87 a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations of INR 184.443 million against INR 270.420 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 18.679 million against INR 48.863 million a year ago. Profit from ordinary activities before tax was INR 24.495 million against INR 45.604 million a year ago. Net profit for the period was INR 15.426 million against INR 29.977 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not to be annualized) were INR 3.09 against INR 6.00 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 543.550 million against INR 835.921 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 68.666 million against INR 143.610 million a year ago. Profit from ordinary activities before tax was INR 70.365 million against INR 143.105 million a year ago. Net profit for the period was INR 47.212 million against INR 93.914 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not to be annualized) were INR 9.44 against INR 18.78 a year ago.
ASM Technologies Limited is engaged in providing consulting services in the areas of engineering services and product engineering services with offshore development and support centers in India and overseas. The Companyâs segments include Manufacturing and Other than Manufacturing. Its technology includes wafer metallization and packaging, digital transformation, electric vehicle, advanced driver assistance system (ADAS), autonomous vehicle, and robotics. It provides a range of services, which includes automation solutions, compromise assessment, digital engineering, engineering services, driver assistance system, robotics, product life cycle, Internet of Things (IoT), and virtual reality/augmented reality, among others. Its automation solutions include robot-based automation solutions, mechatronics solutions, and image-based solutions. Its digital engineering services include mechanical design, electrical and electronics, embedded and digital services, and product development.