20 Jun 2019 | 1:21 AM

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COMPANYNEWS
Anik Industries Q2 net profit down 98.51% at Rs 1.41 cr
  Anik Industries Ltd. | 19 Jun 2019 | 03:41 PM
Published on 12-15-2017
The company reported standalone net profit of Rs 1.41 crore for the quarter ended September 30 2017 as compared to Rs 94.46 crore in the same period last year registering a year-on-year decline of 98.51 per cent.


Net revenue of the company declined moderately by 15.16 per cent at Rs 125.61 crore in July-September quarter of this fiscal as against Rs 148.06 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 48.00 per cent to Rs 125.00 crore from Rs 240.39 crore in year ago period.


Other Income grew by 244.87 per cent at Rs 2.69 crore versus (Sep'16 Rs 0.78 crore).


Operating Profit surged by 100.67 per cent to Rs 0.62 crore as against Rs -91.96 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 100.79 per cent in September quarter.


Interest declined by 96.07 per cent y-o-y to Rs 1.49 crore while Taxation decreased by 99.20 per cent at Rs 0.16 crore (Sep'16 Rs 20.00 crore).