Century Enka Ltd. Announces Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year Ended March 31, 2016
May 04, 2016 at 05:27 am EDT
Share
Century Enka Ltd. announced standalone unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2016. For the quarter, the company reported net sales of INR 2,791.8 million compared with INR 3,076.1 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 306.2 million compared with INR 76.6 million for the same period a year ago. Profit from ordinary activities before tax was INR 304.6 million compared with INR 48.9 million for the same period a year ago. Net profit was INR 195.3 million or INR 8.94 per basic and diluted share before and after extraordinary items compared with INR 14.1 million or INR 0.65 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the full year, the company reported net sales of INR 11,380.6 million compared with INR 12,126.7 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,019.6 million compared with INR 729.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 887.5 million compared with INR 626.2 million for the same period a year ago. Net profit was INR 594.6 million or INR 27.21 per basic and diluted share before and after extraordinary items compared with INR 365.7 million or INR 16.74 per basic and diluted share before and after extraordinary items for the same period a year ago.
Century Enka Limited is engaged in the manufacturing and selling of synthetic yarn and related products. The Companyâs products include Nylon filament yarn, Mother yarn, Multifilament Yarns, Fully Drawn Yarn, Partially Oriented Yarn (POY), High Oriented Yarn, Drawn Textured Yarn, Air Textured Yarn, Draw Winder, Greige Fabric and Dipped Fabric. It offers nylon filament yarn, a long continuous lustrous fiber, which is used to produce a range of textile fabrics, such as sarees, draperies, furnishings and upholstery, sportswear, mosquito nets and also for embroidery. It provides quality nylon tire cord fabrics for reinforcement of tires, which are used in motorcycles, scooters, light commercial vehicles (LMVs), heavy commercial vehicles (HCVs) and off the road (OTR). It produces a range of nylon processed yarns for various application areas under the Enkalon brand. The Companyâs manufacturing sites are located at Pune (Maharashtra) and Rajashree Nagar (Bharuch-Gujarat).
Century Enka Ltd. Announces Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year Ended March 31, 2016