Ashapura Minechem Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 24, 2015 at 12:39 am EST
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Ashapura Minechem Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis the company reported net sales of INR 1,586.692 million against INR 1,028.404 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 234.912 million against INR 170.728 million a year ago. Loss from ordinary activities before tax was INR 1,877.706 million against profit from ordinary activities before tax of INR 194.101 million a year ago. Net loss for the period was INR 1,877.706 million or INR 21.59 per diluted share after extraordinary items against net profit of INR 194.101 million or INR 2.32 per diluted share after extraordinary items a year ago.
For the nine months period, on standalone basis the company reported net sales of INR 5,983.450 million against INR 5,081.625 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 924.683 million against INR 832.333 million a year ago. Loss from ordinary activities before tax was INR 1,207.484 million against profit from ordinary activities before tax of INR 1,141.898 million a year ago. Net loss for the period was INR 1,207.484 million or INR 13.88 per diluted share after extraordinary items against net profit of INR 1,141.898 million or INR 13.63 per diluted share after extraordinary items a year ago.
For the quarter, on consolidated basis the company reported net sales of INR 4,122.120 million against INR 2,191.614 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 673.521 million against INR 280.992 million a year ago. Loss from ordinary activities before tax was INR 1,468.580 million against profit from ordinary activities before tax of INR 295.395 million a year ago. Net loss for the period was INR 1538.065 million or INR 17.68 per diluted share after extraordinary items against net loss of INR 277.878 million or INR 3.52 per diluted share after extraordinary items a year ago.
For the nine months period, on consolidated basis the company reported net sales of INR 12,841.002 million against INR 8,086.262 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,060.762 million against INR 1,292.640 million a year ago. Loss from ordinary activities before tax was INR 160.341 million against profit from ordinary activities before tax of INR 1,703.999 million a year ago. Net loss for the period was INR 376.862 million or INR 4.33 per diluted share after extraordinary items against net profit of INR 1,618.286 million or INR 19.32 per diluted share after extraordinary items a year ago.
Ashapura Minechem Limited is a multi-mineral solutions provider. The Company is engaged in the mining, manufacturing, and trading of various minerals and its derivative products and related services. From soaps to steel, energy to edible oils, metal to medicine and cement to ceramics, it offers multi-mineral solutions across several industries. Its products include Industrial Functional Minerals, Advanced Refractory Materials, Hydrocarbon Exploration Solutions, Adsorbent Solutions, White Performance Minerals, Super Specialty Refined Mineral Products, Building Materials and Chemicals, Kaolin, Silica Sand, and Ball Clay. It is a producer of advanced refractory materials with a portfolio of castable, high alumina cement, calcined bauxite, and fused alumina. It provides enriched drilling mud to oilfield solutions companies across their global drilling bases in the North Sea, Middle East, South Asia, and Africa. It has specialized products for heavy-metal removal.
Ashapura Minechem Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014