KSE Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 30, 2013 at 12:07 pm
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KSE Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations (net) of INR 1,916.470 million against INR 1,377.040 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 18.485 million against INR 41.910 million for the same period a year ago. Profit from ordinary activities before tax was INR 8.475 million against INR 33.600 million for the same period a year ago. Net profit was INR 5.725 million against INR 22.700 million for the same period a year ago. Earnings per basic and diluted share were INR 1.79 against INR 7.09 for the same period a year ago.
For the nine months, the company reported total income from operations (net) of INR 5,121.575 million against INR 3,966.930 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 18.185 million against profit from operations before other income, finance costs and exceptional items of INR 144.015 million for the same period a year ago. Loss from ordinary activities before tax was INR 43.375 million against profit from ordinary activities before tax of INR 120.500 million for the same period a year ago. Net loss was INR 28.550 million against net income of INR 81.500 million for the same period a year ago. Loss per basic and diluted share was INR 8.92 against earnings per basic and diluted share INR 25.47 for the same period a year ago.
KSE Limited is an India-based company. The Company is engaged in manufacturing of ready mixed cattle feed, extraction of oil from oil cakes using solvent extraction method and processing of milk and milk products. The Company operates through three segments: Animal Feed Division, Oil Cake Processing Division, and Dairy Division. Its Oil Cake Processing Division includes vegetable oil refining. Its Dairy Division consists of milk and milk products, including ice cream. It offers ice cream under the brand name, VESTA. The Companyâs products include KS Milk & Ghee, Vesta Ice cream, and Cattle Feed. Its Vesta Ice cream products include Chocolate 1 liter (l) & 500 milliliter (ml), Banana 1l & 500ml, and Black Currant 1l & 500ml. Its cattle feed products include K.S Supreme pellet and K.S Delux plus pellet. The Company's manufacturing units include Swaminathapuram, Vedagiri, Palakkad, Koratty, Konikkara, Irinjalakuda, Thrissur, and Thalayuthu.