MPS Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2016
July 19, 2016 at 04:33 am EDT
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MPS Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 618.9 million compared with INR 603.5 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items INR 207.9 million compared with INR 219.3 million for the same period in the last year. Profit from ordinary activities before tax was INR 238.2 million compared with INR 222.4 million for the same period in the last year. Net profit for the period INR 167.6 million compared with INR 143.8 million for the same period in the last year. Basic and diluted earnings per share before and after extraordinary items were INR 9.00 compared with INR 7.73 for the same period in the last year.
For the quarter, on standalone basis, the company reported net sales/income from operations of INR 507.0 million compared with INR 517.2 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items INR 182.8 million compared with INR 212.5 million for the same period in the last year. Profit from ordinary activities before tax was INR 212.2 million compared with INR 215.5 million for the same period in the last year. Net profit for the period INR 151.6 million compared with INR 140.2 million for the same period in the last year. Basic and diluted earnings per share before and after extraordinary items were INR 8.14 compared with INR 7.53 for the same period in the last year.
MPS Limited is an India-based company, which is engaged in providing of platforms, content, and learning solutions for the digital world. The Company operates through two segments: Content solutions and Platform solutions. Its Content solutions segment is engaged in creating and developing content for print and digital delivery. It includes content authoring/development, content production, content transformation, fulfilment, and customer support services. Its Platform solutions segment is engaged in developing and implanting various software and technology services programs. The Companyâs platforms include DigiCore, MPSTrak, mag+, THINK360, ScholarStor, ScholarlyStats and MPSInsight. Its MPSTrak is a cloud-based production workflow and content management platform for all product types including books, journals, reference works, and all media. THINK360 is an end-to-end, cloud-based integrated platform that enhances the user's overall content management and delivery experience.