Sterling International Enterprises Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended September 30, 2013
November 13, 2013 at 08:43 am EST
Sterling International Enterprises Ltd. announced unaudited standalone and consolidated earnings results for the first quarter ended September 30, 2013. On consolidated basis, for the quarter, the company reported net sales/income from operations of INR 1,158.009 million compared to INR 604.408 million for the same period a year ago. Profit from operations before other income and finance costs was INR 81.265 million compared to INR 24.783 million for the same period a year ago. Profit from ordinary activities after finance costs but before tax was INR 13.325 million compared to INR 11.901 million for the same period a year ago. Net profit from ordinary activities after tax was INR 13.241 million compared to INR 11.826 million for the same period a year ago. Earnings per share was INR 0.05 compared to INR 0.04 for the same period a year ago.
On standalone basis, for the quarter, the company reported net sales/income from operations of INR 7.485 million compared to INR 19.873 million for the same period a year ago. Profit from operations before other income and finance costs was INR 4.332 million compared to INR 13.119 million for the same period a year ago. Profit from ordinary activities after finance costs but before tax was INR 0.422 million compared to INR 0.237 million for the same period a year ago. Net profit from ordinary activities after tax was INR 0.358 million compared to INR 0.162 million for the same period a year ago.