Aro Granite Industries Limited Reports Standalone Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 21, 2018 at 04:26 am EST
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Aro Granite Industries Limited reported standalone audited earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations of INR 457.310 million against INR 514.342 million a year ago. Total income was INR 458.819 million against INR 519.087 million a year ago. Profit before exceptional items and tax was INR 2.037 million against INR 32.986 million a year ago. Profit before tax was INR 2.037 million against INR 32.986 million a year ago. Profit for the period from continuing operations and profit for the period was INR 1.399 million or INR 0.11 per basic and diluted share against INR 27.752 million or INR 1.81 per basic and diluted share a year ago.
For the nine months, the company reported revenue from operations of INR 1,515.369 million against INR 1,823.310 million a year ago. Total income was INR 1,526.268 million against INR 1,831.215 million a year ago. Profit before exceptional items and tax was INR 8.041 million against INR 141.946 million a year ago. Profit before tax was INR 8.041 million against INR 141.946 million a year ago. Profit for the period from continuing operations and profit for the period was INR 8.208 million or INR 0.59 per basic and diluted share against INR 111.064 million or INR 7.26 per basic and diluted share a year ago.
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 
