Ajcon Global Services Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 04:37 am EST
Share
Ajcon Global Services Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on the standalone basis, income from operation was INR 15.735 million against INR 12.791 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3.401 million against INR 3.215 million a year ago. Profit from ordinary activities before tax was INR 1.706 million against INR 1.710 million a year ago. Net profit was INR 1.035 million or INR 0.17 per basic and diluted share before and after extraordinary items (not annualized) against INR 1.182 million or INR 0.19 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the nine months, on the standalone basis, income from operation was INR 44.218 million against INR 37.456 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9.450 million against INR 7.989 million a year ago. Profit from ordinary activities before tax was INR 4.799 million against INR 3.755 million a year ago. Net profit was INR 3.067 million or INR 0.50 per basic and diluted share before and after extraordinary items (not annualized) against INR 2.541 million or INR 0.42 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the quarter, on the consolidated basis, income from operation was INR 19.934 million against INR 20.198 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3.405 million against INR 3.567 million a year ago. Profit from ordinary activities before tax was INR 1.765 million against INR 1.494 million a year ago. Net profit was INR 1.070 million or INR 0.17 per basic and diluted share before and after extraordinary items (not annualized) against INR 1.033 million or INR 0.17 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the nine months, on the consolidated basis, income from operation was INR 59.283 million against INR 58.361 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9.848 million against INR 8.523 million a year ago. Profit from ordinary activities before tax was INR 5.289 million against INR 4.332 million a year ago. Net profit was INR 3.404 million or INR 0.55 per basic and diluted share before and after extraordinary items (not annualized) against INR 2.938 million or INR 0.47 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
Ajcon Global Services Limited is an India-based diversified financial services company. The Company is engaged in providing various financial services. The Companyâs services include equity broking, currency broking, commodity broking, depository services, corporate advisory services, investment banking, equity research, merchant banking, financial crime certification, mutual funds, account opening and non-resident Indian (NRI) desk. Its commodity broking services include broking services and hedging solutions. Its depository services include depository accounts for individual investors as well as to corporate houses. Its corporate advisory service includes project consultancy advisory services related to loan syndication and project finance. Its NRI investment products include equity-cash and derivatives, commodity trading, initial public offering investment, insurance and depositary participant.
Ajcon Global Services Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015