Titan Biotech Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2012
January 11, 2013 at 04:06 am EST
Share
Titan Biotech Limited reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported total income from operations of INR 70,526,000 against INR 51,578,000 for the same period last year. Profit from operation before other income, finance costs and exceptional items was INR 6,239,000 against INR 6,068,000 for the same period last year. Profit before tax was INR 5,560,000 against INR 5,377,000 for the same period last year. Net profit was INR 3,775,000 or INR 0.54 per basic and diluted share against INR 3,877,000 or INR 0.70 per basic and diluted share for the same period last year.
For the six months, the company reported total income from operations of INR 128,267,000 against INR 102,156,000 for the same period last year. Profit from operation before other income, finance costs and exceptional items was INR 11,045,000 against INR 11,774,000 for the same period last year. Profit before tax was INR 10,713,000 against INR 10,402,000 for the same period last year. Net profit was INR 7,178,000 or INR 1.02 per basic and diluted share against INR 7,402,000 or INR 1.34 per basic and diluted share for the same period last year.
Titan Biotech Limited is an India-based company primarily engaged in the business of biological products. The Company is a manufacturer and exporter of the biological products used in the field of pharmaceuticals, nutraceutical, food and beverages, biotechnology and fermentation, cosmetic, veterinary and animal feed, agriculture industries, microbiology, and others. The Company manufactures peptones, biological extracts, culture media and chemicals. It offers its products under various categories, such as Food Ingredients, Collagen and Proteins, Pharmaceuticals and Nutraceuticals, Animal Nutrition, Probiotics and Fermentation Ingredients, Agriculture Products, Culture Media and Natures Island. Its Food Ingredients include hydrolyzed vegetable protein (HVP), yeast extract powder, calcium propionate powder, potassium sorbate and calcium lactate. Its Collagen and Proteins include soya protein isolate, collagen peptides, chicken protein isolate, brown rice protein, and others.
TITAN BIOTECH LIMITED 
