AYM Syntex Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 30, 2021 at 04:48 am EST
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AYM Syntex Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 29,462 compared to INR 26,484 a year ago. Net income was INR 1,078 compared to INR 440 a year ago. Basic earnings per share from continuing operations was INR 2.19 compared to INR 0.91 a year ago. Diluted earnings per share from continuing operations was INR 2.2 compared to INR 0.91 a year ago. For the nine months, total revenue was INR 59,896 compared to INR 78,522 a year ago. Net loss was INR 469 compared to net income of INR 849 a year ago. Basic loss per share from continuing operations was INR 0.84 compared to basic earnings per share from continuing operations of INR 1.79 a year ago.
AYM Syntex Limited is an India-based company that is engaged in manufacturing of multi-polymer and specialty synthetic yarns. The Company manufactures and exports polyester filament yarn, nylon filament yarn and bulk continuous filament yarns (BCF) from India. The Company produces polyester, nylon six, polypropylene and polyester microfiber yarns, which are used for carpets, rugs and mats. Its BCF yarns include Rezilia, Sorenyl, Ecose, Comfeel, Sparkle, Polycycle, Polymagic, Wonderfeel, Polywonder, Greenova, Silkenza, Synergy and Opulenz. Its textile yarns include synthetic solution dyed yarn, synthetic package dyed yarn, mother fully drawn yarn (FDY), mono yarn, highly oriented yarn (HOY), partially oriented yarn (POY), draw texturized yarn (DTY), air textured yarn (ATY), air covered yarn (ACY), recycled yarn, high tenacity yarn and raw white. The Companyâs multipolymer textile and BCF yarn manufacturing facility is located in Silvassa.
AYM SYNTEX LIMITED 
