Creative Newtech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 02:48 am EST
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Creative Newtech Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,108.03 million compared to INR 4,212.43 million a year ago. Revenue was INR 5,163.13 million compared to INR 4,289.73 million a year ago. Net income was INR 115.47 million compared to INR 76.9 million a year ago. Basic earnings per share from continuing operations was INR 7.29 compared to INR 5.52 a year ago. Diluted earnings per share from continuing operations was INR 7.15 compared to INR 5.52 a year ago.
For the nine months, sales was INR 14,089.66 million compared to INR 9,790.86 million a year ago. Revenue was INR 14,204.65 million compared to INR 9,992.78 million a year ago. Net income was INR 278.88 million compared to INR 207.95 million a year ago. Basic earnings per share from continuing operations was INR 17.71 compared to INR 14.33 a year ago. Diluted earnings per share from continuing operations was INR 17.38 compared to INR 14.33 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 