Century Enka Ltd. Reports Unaudited Standalone Earnings Results for the Quarter and Nine Months Ended 31 December, 2017
February 06, 2018 at 03:38 am
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Century Enka Ltd. reported unaudited standalone earnings results for the quarter and nine months ended 31 December, 2017. For the quarter, the company reported revenue from operations of INR 3,626.2 million against INR 3,186.1 million a year ago. Profit from exceptional items and tax was INR 444.5 million against INR 403.9 million a year ago. Profit before tax was INR 444.5 million against INR 403.3 million a year ago. Profit for the period was INR 286.6 million or INR 13.12 per basic and diluted share against INR 261.6 million or INR 11.97 per basic and diluted share for the same period a year ago.
For the nine months, the company reported revenue from operations of INR 10,376.0 million against INR 9,362.7 million a year ago. Profit from exceptional items and tax was INR 567.8 million against INR 1,042.9 million a year ago. Profit before tax was INR 816.9 million against INR 1,042.9 million a year ago. Profit for the period was INR 529.0 million or INR 24.21 per basic and diluted share against INR 676.7 million or INR 30.97 per basic and diluted share 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).