Duke Offshore Ltd Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 15, 2016 at 07:01 am
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Duke Offshore Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 23,517,269 against INR 17,782,099 a year ago. Profit from operations before other income, finance costs and exceptional items was INR 10,700,259 against loss from operations before other income, finance costs and exceptional items of INR 1,179,133 a year ago. Profit from ordinary activities before tax was INR 10,779,853 against INR 670,733 a year ago. Net profit for the period was INR 10,779,853 or INR 2.19 per share basic and diluted against INR 670,733 INR 0.14 per share basic and diluted a year ago.
For the nine months, the company reported net sales/income from operations of INR 48,057,262 against INR 49,358,770 a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14,638,755 against INR 4,554,271 a year ago. Profit from ordinary activities before tax was INR 15,360,598 against INR 6,257,620 a year ago. Net profit for the period was INR 15,360,598 or INR 3.12 per share basic and diluted against INR 6,257,620 or INR 1.27 per share basic and diluted a year ago.
Duke Offshore Limited is an India-based company, which is engaged in the business of providing vessels for crew transfer and marine survey. The Company offers various services, such as marine vessels, logistics support, engineering, procurement, construction and commissioning (EPC), export/import, navy husbanding, hook-up and commissioning of offshore platforms, platform maintenance, repair and modifications, inspection services, structural fabrication and process piping, diving services and force protection services. It owns and operates a fleet of specialized vessels, which are available for charter. It specializes in logistics support for all kinds of vessels. The Company specializes offering integrated services for electrical, instrumentation, automation systems across a range of operations and applications. It also exports and imports essential services items, such as gloves, masks, personal protective equipment (PPE), and other items.