ARO Granite Industries Ltd. Reports Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 25, 2014 at 04:03 am EST
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ARO Granite Industries Ltd. reported audited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported sales/income from operations of INR 612.538 million against INR 464.106 million a year ago. Net sales/income from operations was INR 605.610 million against INR 459.827 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 48.037 million against INR 33.468 million a year ago. Profit from ordinary activities before tax was INR 125.670 million against INR 18.057 million a year ago. Net profit for the period was INR 98.702 million or INR 6.45 per basic and diluted share after extra ordinary items against INR 14.444 million or INR 1.42 per basic and diluted share after extra ordinary items a year ago.
For the nine months, the company reported sales/income from operations of INR 1,852.134 million, net sales/income from operations of INR 1,836.061 million, profit from operation before other income, finance costs and exceptional items of INR 235.552 million, profit from ordinary activities before tax of INR 223.114 million, net profit for the period of INR 172.429 million or INR 11.27 per basic and diluted share after extra ordinary items.
Aro Granite Industries Limited is an India-based company. The Company is engaged in the manufacturing and trading of granite slabs and tiles. The Company operates through two segments: Manufacturing of Engineered Quartz Stone Slabs and Manufacturing of Natural Stone Granites Slab and Tiles. The Companyâs products include slabs, tiles, cut-to-size, and quartz. It offers products in an array of finishes, including polished finish, flamed finish, honed finish, brushed finish, leather finish and caress finish. It processes Indian, African, Finland, Norway, Brazil, Iran, African and Ukraine Granite regularly. It also offers slabs as per the customerâs specific requirements. It exports to over 45 countries around the world. The Tiling Plant has an installed capacity of approximately 360,000 square meters per annum. Its customer network spans the globe and is meeting the granite needs of United States, Canada, Europe, Japan, Far East and South Pacific Countries.
ARO GRANITE INDUSTRIES LIMITED 
