Euro Asia Exports Ltd. Reports Audited Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
Euro Asia Exports Ltd. reported audited earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, net sales/income from operation was INR 3.619 million against INR 7.632 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 0.114 million against INR 0.453 million a year ago. Profit from ordinary activities before tax was INR 0.114 million against INR 0.453 million a year ago. Net profit was INR 0.114 million or INR 0.00 per basic and diluted share against INR 0.453 million or INR 0.29 per basic and diluted share a year ago.
For the year, net sales/income from operation was INR 9.151 million against INR 7.632 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 0.224 million against INR 0.099 million a year ago. Profit from ordinary activities before tax was INR 0.224 million against INR 0.099 million a year ago. Net profit was INR 0.155 million or INR 0.09 per basic and diluted share against INR 0.067 million or INR 0.04 per basic and diluted share a year ago.