Ocean Agro (India) Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the full year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 40.451 million against INR 31.881 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9.444 million against INR 1.386 million a year ago. Profit from ordinary activities before tax was INR 8.063 million against loss from ordinary activities before tax of INR 6.172 million a year ago. Net loss for the period was INR 0.687 million against INR 5.402 million a year ago. For the year, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 227.614 million against INR 214.458 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20.881 million against INR 15.774 million a year ago. Profit from ordinary activities before tax was INR 15.920 million against INR 4.333 million a year ago. Net profit for the period was INR 3.570 million against INR 1.603 million a year ago. Basic and diluted earnings per share were INR 0.53 against INR 0.24 a year ago. For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 237.649 million against INR 216.650 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 11.415 million against INR 2.965 million a year ago. Profit from ordinary activities before tax was INR 6.421 million against loss of INR 8.493 million a year ago. Net loss for the period was INR 5.929 million against INR 11.223 million a year ago.