Oricon Enterprises Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 15, 2016 at 12:07 am EST
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Oricon Enterprises Limited reported unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, on standalone basis, the company reported net sales of INR 73.958 million against INR 117.579 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 25.745 million against INR 7.757 million a year ago. Profit from ordinary activities before tax was INR 11.061 million against INR 42.865 million a year ago. Net profit for the period was INR 5.631 million against INR 44.296 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.03 against INR 0.28 a year ago.
For the six months, on standalone basis, the company reported net sales of INR 231.685 million against INR 320.579 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 42.663 million against INR 13.539 million a year ago. Profit from ordinary activities before tax was INR 45.129 million against INR 66.691 million a year ago. Net profit for the period was INR 31.927 million against INR 67.382 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.20 against INR 0.43 a year ago.
For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 2,393.925 million against INR 2,694.193 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 90.586 million against profit from operations before other income, finance cost and exceptional items of INR 41.294 million a year ago. Profit from ordinary activities before tax was INR 55.208 million against INR 69.374 million a year ago. Net profit for the period was INR 42.713 million against INR 43.458 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.03 against INR 0.72 a year ago.
For the six months, on consolidated basis, the company reported total income from operations (net) of INR 5,587.579 million against INR 5,946.823 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 103.094 million against INR 251.608 million a year ago. Profit from ordinary activities before tax was INR 295.999 million against INR 380.216 million a year ago. Net profit for the period was INR 193.099 million against INR 270.627 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.05 against INR 1.03 a year ago.
Oricon Enterprises Limited is an India-based holding company. The Company is engaged in the business of manufacturing petrochemical products, trading, liquid colorants, preform metal, plastic closures and real estate. The Companyâs segments include Packaging, Real Estate, Petrochemicals, and Others. It is focused on manufacturing plastic and metal closures, PET preforms, collapsible tubes and pilfer proof caps in the packaging segment and petrochemical products. The Company manufactures and markets packaging products through metal caps and closures, including crown caps, closures, roll over pilfer proof caps (ROPPcaps), aluminium collapsible tubes, plastic closure, pre-forms, and petrochemical products. The Companyâs manufacturing units are situated at Murbad, Goa, Khopoli and Khurda (Odisha). The Companyâs subsidiaries include Reay Road Iron & Metal warehousing Private Limited, Oriental Containers Limited, and United Shippers Ltd, among others.
Oricon Enterprises Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016