Kanel Oil & Export Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported loss from operations before other income, interest and exceptional items was INR 0.470 million against INR 1.201 million a year ago. Loss from ordinary activities before tax and net loss for the period was INR 0.470 million against INR 1.168 million a year ago. For the nine months period, the company reported net sales of INR 1.988 million. Loss from operations before other income, interest and exceptional items was INR 2.615 million against INR 3.191 million a year ago. Loss from ordinary activities before tax was INR 2.476 million against INR 3.004 million a year ago. Net loss for the period was INR 2.480 million against INR 3.014 million a year ago. Loss per basic and diluted share before and after extraordinary items was INR 0.01 against INR 0.02 a year ago.