Apcotex Industries Ltd Reports Earnings Results for the Third Quarter Ended December 31, 2018
January 29, 2019 at 06:48 am
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Apcotex Industries Ltd. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced total revenue was INR 1,665.786 million compared to INR 1,427.768 million a year ago. Net income was INR 99.760 million compared to INR 129.858 million a year ago. Basic earnings per share was INR 4.81 compared to INR 6.26 a year ago. For the nine months, total revenue was INR 4,785.620 million compared to INR 4,080.890 million a year ago. Net income was INR 313.279 million compared to INR 265.743 million a year ago. Basic earnings per share was INR 15.11 compared to INR 12.81 a year ago.
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Companyâs range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.
APCOTEX INDUSTRIES LIMITED 
