Cosboard Industries Ltd. Reports Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Results for the Year Ended March 31, 2016
Cosboard Industries Ltd. reported standalone unaudited earnings results for the fourth quarter and audited results for the year ended March 31, 2016. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 163.859 million against INR 82.338 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 21.878 million against INR 9.597 million a year ago. Profit from ordinary activities before tax was INR 6.824 million against INR 15.206 million a year ago. Net profit for the period was INR 5.671 million against INR 14.957 million a year ago. Basic and diluted earnings per share before and after extraordinary items not annualized were INR 1.32 against INR 3.48 a year ago.
For the year, the company reported net sales/income from operations (net of excise duty) of INR 627.804 million against INR 415.108 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 66.281 million against INR 36.085 million a year ago. Profit from ordinary activities before tax was INR 18.716 million against INR 23.206 million a year ago. Net profit for the period was INR 17.563 million against INR 22.957 million a year ago. Basic and diluted earnings per share before and after extraordinary items not annualized were INR 4.09 against INR 5.35 a year ago.