Century Enka Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 29, 2014 at 08:04 am
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Century Enka Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company's net sales/income from operations were INR 3,438.7 million compared to INR 3,781.8 million for the same period in 2012. Profit from operations before other income, finance costs & exceptional items was INR 252.2 million compared to INR 194.0 million for the same period in 2012. Profit from ordinary activities before tax was INR 223.2 million against INR 148.5 million for the same period a year ago. Net profit was INR 147.1 million or INR 6.73 per basic and diluted share before and after extraordinary items against INR 100.6 million or INR 4.60 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the nine months, the company's net sales/income from operations were INR 11,386.1 million compared to INR 11,845.8 million for the same period in 2012. Profit from operations before other income, finance costs & exceptional items were INR 899.8 million compared to INR 472.7 million for the same period in 2012. Profit from ordinary activities before tax was INR 780.5 million against INR 244.7 million for the same period a year ago. Net profit was INR 514.9 million or INR 23.56 per basic and diluted share before and after extraordinary items against INR 171.8 million or INR 7.86 per basic and diluted share before and after extraordinary items for the same period a year ago.
Century Enka Limited is engaged in the manufacturing and selling of synthetic yarn and related products. The Companyâs products include Nylon filament yarn, Mother yarn, Multifilament Yarns, Fully Drawn Yarn, Partially Oriented Yarn (POY), High Oriented Yarn, Drawn Textured Yarn, Air Textured Yarn, Draw Winder, Greige Fabric and Dipped Fabric. It offers nylon filament yarn, a long continuous lustrous fiber, which is used to produce a range of textile fabrics, such as sarees, draperies, furnishings and upholstery, sportswear, mosquito nets and also for embroidery. It provides quality nylon tire cord fabrics for reinforcement of tires, which are used in motorcycles, scooters, light commercial vehicles (LMVs), heavy commercial vehicles (HCVs) and off the road (OTR). It produces a range of nylon processed yarns for various application areas under the Enkalon brand. The Companyâs manufacturing sites are located at Pune (Maharashtra) and Rajashree Nagar (Bharuch-Gujarat).
CENTURY ENKA LIMITED 
