Bayer CropScience Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 08:04 am EST
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Bayer CropScience Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net profit after tax of INR 390 million or INR 10.14 per basic and diluted share on net sales/income from operations of INR 6,266 million compared to net profit after tax of INR 9,034 million or INR 228.72 per basic and diluted share on net sales/income from operations of INR 5,591 million a year ago. Total income from operations was INR 6,544 million compared to INR 5,875 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 370 million compared to INR 538 million a year ago. Profit from ordinary activities before tax was INR 597 million compared to INR 11,820 million a year ago.
For the nine months, the company reported net profit after tax of INR 2,433 million or INR 52.14 per basic and diluted share on net sales/income from operations of INR 26,203 million compared to net profit after tax of INR 10,899 million or INR 275.94 per basic and diluted share on net sales/income from operations of INR 22,586 million a year ago. Total income from operations was INR 26,925 million compared to INR 23,348 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,971 million compared to INR 3,218 million a year ago. Profit from ordinary activities before tax was INR 3,695 million compared to INR 14,570 million a year ago.
Bayer CropScience Limited is an India-based company, which is engaged in manufacturing, sale and distribution of insecticides, fungicides, herbicide and various other agrochemical products and corn seeds. The Company operates through Agri Care segment. It offers crop solutions for various crops, such as cotton, fruits, millet, mustard, pulses, rice, soybeans, sugar cane, vegetables, and wheat. The Companyâs operations include three business areas: Crop Protection, Seeds & Traits and Digital Farming. Its Crop Protection portfolio comprises a wide range of chemical and biological pest management solutions. Its Seeds & Traits develops seeds and traits that provide farmers with new solutions. Its Digital Farming consist of modern farming method that uses technology to improve crop yield and efficiency while reducing waste and environmental impact. It offers various brands, such as Alion Plus, Movento Energy, Solomon, Lasenta, Xellano and Nativo.