Hawkins Cookers Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 28, 2012 at 04:21 am EST
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Hawkins Cookers Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales of INR 874.88 million against INR 808.68 million a year ago. Profit from operations before other income, interest and exceptional items was INR 49.35 million against INR 83.06 million a year ago. Profit from ordinary activities before tax was INR 52.99 million against INR 86.77 million a year ago. Net profit for the period was INR 35.84 million against INR 57.96 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 6.78 against INR 10.96 a year ago.
For the nine months period, the company reported net sales of INR 2,598.42 million against INR 2,275.75 million a year ago. Profit from operations before other income, interest and exceptional items was INR 290.92 million against INR 318.33 million a year ago. Profit from ordinary activities before tax was INR 299.14 million against INR 328.50 million a year ago. Net profit for the period was INR 201.99 million against INR 219.29 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 38.20 against INR 41.47 a year ago.
Hawkins Cookers Limited is an India-based company, which is engaged in the manufacturing, trading and sale of kitchenware. The Company operates in the market consisting of pressure cookers and cookware. Each pressure cooker made by the Company features an inside-fitting lid. It offers approximately 88 different pressure cooker models in thirteen different types. Its pressure cooker product categories include Classic, Instaa, Tri-Ply Stainless Steel, Contura, Ceramic-Coated Contura, Ceramic Nonstick, Contura Black, Contura Black XT, Stainless Steel Contura, Stainless Steel, Hevibase, Bigboy, Futura, Stainless Steel Futura, Miss Mary, Miss Mary Handi and Cooker Cookware Set. Its pressure cooker accessories include idli stands, Hawkins Repair Kit and pressure cooker grid. The Company's cookware is presented in four types: Futura Hard Anodized and Nonstick, Hawkins Tri-Ply Stainless Steel, Hawkins Stainless Steel Sandwich Bottom Cookware and Hawkins Die-Cast Cookware (Hawkins Appe Pan).