Creative Newtech Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
August 13, 2021 at 06:16 am EDT
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Creative Newtech Limited announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced total revenue was INR 1,358.805 million compared to INR 645.303 million a year ago. Net income was INR 12.285 million compared to INR 5.755 million a year ago. Basic earnings per share from continuing operations was INR 1.44 compared to INR 0.45 a year ago.
Creative Newtech Limited is an India-based company, which is engaged in the information and communication technology distribution market. The Companyâs segments include Fast Moving Social Media Goods (FMSG), Fast Moving Consumer Technology (FMCT), Enterprise Business (EB) and Fast-Moving Electronic Goods (FMEG). The FMCT segment includes established and fast-moving consumer products that cater to personal as well as organizational demands, such as Samsung, iBall and Viewsonic. The EB segment comprises products which are supplied to enterprises and are high-volume. Some brands in this category include MSi, Printronix and Philips. The FMEG segment covers its alliance with Reliance, through which it offers home appliances, bulbs and lights from brands, such as BPL and Kelvinator. The Companyâs business-to-business (B2B) e-commerce platform caters to a range of sub-distributors, retailers and other customers, and serves as a one-stop-shop offering end-to-end solutions for them.
CREATIVE NEWTECH LIMITED 