Lancor Holdings Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 31, 2015 at 06:31 am EST
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Lancor Holdings Ltd. 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/income from operations of INR 373.224 million compared to INR 209.801 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 128.727 million compared to INR 95.539 million a year ago. Profit from ordinary activities before tax was INR 100.209 million compared to INR 66.883 million a year ago. Net profit for the period was INR 70.020 million compared to INR 45.441 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 3.46 compared to INR 2.24 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations was INR 762.865 million compared to INR 539.990 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 282.061 million compared to INR 245.203 million a year ago. Profit from ordinary activities before tax was INR 193.699 million compared to INR 173.434 million a year ago. Net profit for the period was INR 130.617 million compared to INR 119.004 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 6.45 compared to INR 5.88 a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 448.574 million compared to INR 336.282 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 131.381 million compared to INR 141.080 million a year ago. Profit from ordinary activities before tax was INR 66.028 million compared to INR 74.262 million a year ago. Net profit for the period was INR 37.549 million compared to INR 45.119 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 1.85 compared to INR 2.23 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations was INR 1,161.490 million compared to INR 957.608 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 399.183 million compared to INR 373.075 million a year ago. Profit from ordinary activities before tax was INR 210.482 million compared to INR 202.848 million a year ago. Net profit for the period was INR 124.464 million compared to INR 125.525 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 6.15 compared to INR 6.20 a year ago.
Lancor Holdings Limited is an India-based holding company, which is engaged in the business of real estate development, leasing of commercial properties and allied activities. Its projects include Lancor Infinys, Keelkattalai; Lancor Rathi Rupa, T Nagar; Lancor Lumina, Guduvanchery; Lancor Homeleigh, Sterling Road, and Lancor TCP Altura, Sholinganallur, OMR. The Company's completed projects include Cornerstone, Nanganallur; The Atrium,Thiruvanmiyur; The Courtyard, Nanganallur, and Lancor Kiruba Cirrus, Valasaravakkam. Its commercial projects include Westminster, Mylapore; Ramco Systems, Guindy, and Menon Eternity, Alwarpet. The Companyâs subsidiaries includes Lancor Maintenance & Services Limited, Central Park West Venture, and Lancor Infinys Limited.