Ledo Tea Company Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
Ledo Tea Company Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, the company's net sales/income from operations (net of excise duty) were INR 51.479 million against INR 52.422 million a year ago. Loss from operations before exceptional items and tax was INR 11.472 million against INR 3.518 million a year ago. Loss from ordinary activities before tax was INR 11.472 million compared with INR 11.638 million for the same period a year ago. Net loss for the period was INR 9.452 million or INR 10.95 per basic share against of INR 10.385 million or INR 12.03 per basic share a year ago.
For the year, the company's net sales were INR 122.017 million against INR 125.739 million a year ago. Loss from operations before exceptional items and tax was INR 11.968 million against profit from operations before other income, finance costs & exceptional items of INR 0.615 million a year ago. Loss from ordinary activities before tax was INR 11.968 million against INR 7.505 million a year ago. Net loss for the period was INR 9.948 million or INR 12.03 per basic share against INR 6.252 million or INR 7.24 per basic share a year ago.