KGN Enterprises Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported net sales of INR 3.64 million against INR 18.304 million a year ago. Loss from operations before other income and finance costs was INR 4.078 million against profit from operations before other income and finance costs of INR 1.194 million a year ago. Loss from ordinary activities before tax was INR 4.078 million against profit from ordinary activities before tax of INR 1.063 million a year ago. Net loss for the period was INR 3.331 million or INR 0.016 basic and diluted per share before and after extraordinary items against net profit for the period of INR 1.668 million or INR 0.008 basic and diluted per share before and after extraordinary items a year ago.

For the year, the company reported net sales of INR 84.627 million against INR 586.964 million a year ago. Profit from operations before other income and finance costs was INR 0.541 million against INR 7.788 million a year ago. Profit from ordinary activities before tax was INR 0.541 million against INR 7.788 million a year ago. Net profit for the period was INR 0.441 million or INR 0.002 basic and diluted per share against net profit for the period of INR 7.297 million or INR 0.036 basic and diluted per share a year ago.