Panama Petrochem Ltd. reported unaudited stand-alone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported net sales/income from operations was INR 1,981.882 million against INR 1,996.224 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 116.543 million against INR 44.303 million a year ago. Profit from ordinary activities before tax was INR 92.307 million compared to INR 24.733 million for the same period a year ago. Net profit was INR 63.246 million or INR 1.57 basic and diluted earnings per share before and after extraordinary items against INR 15.411 million or INR 0.38 basic and diluted earnings per share before and after extraordinary items a year ago.

For the nine months, on consolidated basis, the company reported net sales/income from operations was INR 5,749.969 million against INR 6,075.319 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 354.871 million against INR 222.892 million a year ago. Profit from ordinary activities before tax was INR 291.174 million compared to INR 167.781 million for the same period a year ago. Net profit was INR 203.089 million or INR 5.04 basic and diluted earnings per share before and after extraordinary items against INR 122.624 million or INR 3.04 basic and diluted earnings per share before and after extraordinary items a year ago.

For the quarter, on stand-alone basis, the company reported net sales/income from operations was INR 1,761.280 million against INR 1,841.836 million a year ago. Profit from operations before other income and finance costs was INR 107.431 million against INR 34.336 million a year ago. Profit from ordinary activities before tax was INR 87.913 million compared to INR 19.47 million for the same period a year ago. Net profit was INR 58.852 million or INR 1.46 basic and diluted earnings per share before and after extraordinary items against INR 10.148 million or INR 0.25 basic and diluted earnings per share before and after extraordinary items a year ago.

For the nine months, on stand-alone basis, the company reported net sales/income from operations was INR 5,097.338 million against INR 5,441.208 million a year ago. Profit from operations before other income and finance costs was INR 309.448 million against INR 176.373 million a year ago. Profit from ordinary activities before tax was INR 256.345 million compared to INR 127.80 million for the same period a year ago. Net profit was INR 168.260 million or INR 4.17 basic and diluted earnings per share before and after extraordinary items against INR 82.723 million or INR 2.05 basic and diluted earnings per share before and after extraordinary items a year ago.