Modex International Securities Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
Modex International Securities Ltd. reported audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported net sales/income from operations of INR 66.406 million compared to INR 25.066 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9.062 million against INR 4.618 million a year ago. Profit from ordinary activities before tax was INR 7.257 million against INR 2.050 million a year ago. Net profit for the period was INR 4.393 million against INR 1.196 million last year. Basic earnings per share were INR 1.46 compared to INR 0.40 per share a year ago.
For the year, the company reported net sales/income from operations of INR 114.743 million compared to INR 68.776 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 13.956 million against INR 11.069 million a year ago. Profit from ordinary activities before tax was INR 8.816 million against INR 3.124 million a year ago. Net profit for the period was INR 5.952 million against INR 2.270 million last year. Basic earnings per share were INR 1.98 compared to INR 0.76 a year ago.