VMS Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended Sept. 30, 2017
January 09, 2018 at 12:36 am
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VMS Industries Limited reported unaudited standalone and consolidated earnings results for second quarter and six months ended Sept. 30, 2017. For the quarter, on standalone basis the company reported net sales or revenue from operations of INR 277.306 million against INR 438.369 million a year ago. Profit before exceptional and extraordinary items and tax was INR 6.090 million against INR 10.187 million a year ago. Profit before tax was INR 6.090 million against INR 10.187 million a year ago. Profit for the period from continuing operations was INR 4.559 million or INR 0.27 per share basic and diluted against INR 6.699 million or INR 0.41 per share basic and diluted a year ago.
For the six month, on standalone basis the company reported net sales or revenue from operations of INR 545.733 million against INR 630.586 million a year ago. Profit before exceptional and extraordinary items and tax was INR 10.311 million against INR 13.829 million a year ago. Profit before tax was INR 10.311 million against INR 13.829 million a year ago. Profit for the period from continuing operations was INR 5.834 million or INR 0.35 per share basic and diluted against INR 8.567 million or INR 0.52 per share basic and diluted a year ago.
For the quarter, on consolidated basis the company reported net sales or revenue from operations of INR 305.086 million against INR 438.369 million a year ago. Profit before exceptional and extraordinary items and tax was INR 6.802 million against INR 9.596 million a year ago. Profit before tax was INR 6.802 million against INR 9.596 million a year ago. Profit for the period from continuing operations was INR 4.456 million or INR 0.27 per share basic and diluted against INR 6.148 million or INR 0.37 per share basic and diluted a year ago.
For the six months, on consolidated basis the company reported net sales or revenue from operations of INR 600.981 million against INR 636.803 million a year ago. Profit before exceptional and extraordinary items and tax was INR 12.896 million against INR 13.634 million a year ago. Profit before tax was INR 12.896 million against INR 13.634 million a year ago. Profit for the period from continuing operations was INR 7.606 million or INR 0.46 per share basic and diluted against INR 8.293 million or INR 0.50 per share basic and diluted a year ago.
VMS Industries Limited is an India-based company, which is engaged in the business of ship breaking as well as trading in ferrous and non-ferrous metals. The Company operates through two segments: Manufacturing and Trading. The Manufacturing segment is engaged in ship breaking activities. The Trading segment is engaged in the trading of ferrous and non-ferrous metals. The Company has purchased a total of approximately 37 ships for its ship recycling activities, which include LORETTA D, COLOMOBO STAR II, MADRE, VENUS GAS, WINCO, MT MAR, LIBRA GAS II, ANNOULA, KAPADOKIA, M V GREEN NEPTUNIC, JAMAIMA, KINGSWAY, THERESA LEPOARD, MV OCEAN, BLU, SHAN, INTERBOARD, HACI ALI SARI, MV ABM PIONEER, M.V NOA, ARMIA KRAJOWA, M.V.HANJI, M.V. MASUREN, M.V. COMMODORE and M.V. BALEEN, among others. The Company recycles ships at the Alang Ship Breaking Yard.
VMS INDUSTRIES LIMITED 