Sterling International Enterprises Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended September 30, 2012
November 08, 2012 at 08:44 am EST
Sterling International Enterprises Ltd. announced unaudited standalone and consolidated earnings results for the first quarter ended September 30, 2012. On consolidated basis, for the quarter, the company reported net sales/income from operations of INR 604.498 million compared to INR 4,891.677 million for the same period a year ago. Profit from operations before other income and finance costs was INR 24.783 million compared to INR 829.203 million for the same period a year ago. Profit from ordinary activities after finance costs but before tax was INR 11.901 million compared to INR 819.185 million for the same period a year ago. Net profit from ordinary activities after tax was INR 11.826 million compared to INR 818.885 million for the same period a year ago. Earnings per share was INR 0.04 compared to INR 3.02 for the same period a year ago.
On standalone basis, for the quarter, the company reported net sales/income from operations of INR 19.873 million compared to INR 17.766 million for the same period a year ago. Profit from operations before other income and finance costs was INR 13.119 million compared to INR 11.109 million for the same period a year ago. Profit from ordinary activities after finance costs but before tax was INR 0.237 million compared to INR 1.091 million for the same period a year ago. Net profit from ordinary activities after tax was INR 0.162 million compared to INR 0.791 million for the same period a year ago.