Himachal Futuristic Communications Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 08:46 am EST
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Himachal Futuristic Communications Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported net sales of INR 1,394.450 million against INR 701.991 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 199.648 million against INR 77.083 million a year ago. Profit from ordinary activities before tax was INR 134.693 million against INR 21.730 million a year ago. Net profit for the period was INR 134.693 million against INR 21.730 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.10 against INR 0.01 a year ago.
For the nine months period, on standalone basis, the company reported net sales of INR 3,801.208 million against INR 1,684.512 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 478.574 million against INR 141.302 million a year ago. Profit from ordinary activities before tax was INR 402.765 million against loss from ordinary activities before of INR 22.439 million a year ago. Net profit for the period was INR 402.765 million against net loss for the period of INR 22.439 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.29 against basic and diluted loss per share before and after extraordinary items of INR 0.06 a year ago.
HFCL Limited is an India-based global technology company. The Company is a telecom infrastructure enabler, which is focused on telecom infrastructure development, system integration, and manufacturing and supply of telecom equipment, optical fiber and optic fiber cable (OFC). The Company provides turnkey solutions to telecom service providers, railways, defense, smart city and surveillance projects. Its segments include Telecom Products, Turnkey Contracts and Services, and Other. Its products include optical fiber and cables, such as optic fiber, micro cable, micro module cable, aerial cable, armored cable, unarmored cable, FTTH cable and passive connectivity solutions; telecom equipment, such as indoor and outdoor Wi-Fi 5 and 6 access point, ethernet L2/L3 switches, point to point unlicensed band radios and cloud based network management system, and electronics, such as electro optical devices, electronic fuses, VMS and video analytics and high-capacity radio relay.