Pradip Overseas Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
Pradip Overseas Limited reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, the company reported net sales/income from operations (net of excise duty) was of INR 405.561 million compared to INR 696.730 million a year ago. Loss from operations before other income, finance costs and exceptional items were of INR 2,645.992 million compared to INR 2,833.873 million a year ago. Loss from ordinary activities before tax was of INR 2,662.415 million compared to INR 1,993.482 million a year ago. Net loss was INR 1,891.368 million compare to INR 1,057.567 million a year ago.
For the full year, the company reported net sales/income from operations (net of excise duty) was of INR 1,598.391 million compared to INR 2,376.814 million a year ago. Loss from operations before other income, finance costs and exceptional items were of INR 2,715.141 million compared to INR 4,167.019 million a year ago. Loss from ordinary activities before tax was of INR 2,789.640 million compared to INR 4,101.001 million a year ago. Net loss was INR 1,979.329 against INR 2,809.761 million a year ago. Loss per basic and diluted share before and after extraordinary items was INR 40.86 compared to INR 58.00 a year ago.