c & c constructions ltd (CCON) Snapshot

C & C Constructions Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, on standalone basis, the company reported total income from operations of INR 2,614.074 million compared to INR 2,518.222 million a year ago. Loss from operating before other income, finance costs and exceptional items was INR 203.232 million compared to INR 101.193 million a year ago. Net loss from ordinary activities before tax was INR 229.842 million against INR 527.831 million a year ago. Net loss from ordinary activities after tax was INR 445.446 million or INR 17.51 per diluted share against INR 486.917 million or INR 19.14 per diluted share a year ago. For the nine months, on standalone basis, total income from operations was INR 7,333.682 million compared to INR 8,675.905 million a year ago. Loss from operating before other income, finance costs and exceptional items was INR 201.357 million compared to profit from operating before other income, finance costs and exceptional items was INR 901.312 million a year ago. Net loss from ordinary activities before tax was INR 1,046.148 million against INR 307.925 million a year ago. Net loss from ordinary activities after tax was INR 1,261.752 million or INR 49.59 per diluted share against INR 340.117 million or INR 13.82 per diluted share a year ago. For the quarter, on consolidated basis, the company reported total income from operations of INR 2,618.558 million compared to INR 2,449.770 million a year ago. Loss from operating before other income, finance costs and exceptional items was INR 239.598 million compared to INR 122.840 million a year ago. Net loss from ordinary activities before tax was INR 348.480 million against INR 596.489 million a year ago. Net loss from ordinary activities after tax was INR 570.443 million or INR 22.42 per diluted share against INR 1,757.143 million or INR 22.01 per diluted share a year ago. For the nine months, on consolidated basis, total income from operations was INR 7,295.851 million compared to INR 8,554.392 million a year ago. Loss from operating before other income, finance costs and exceptional items was INR 387.751 million compared to profit from operating before other income, finance costs and exceptional items was INR 609.299 million a year ago. Net loss from ordinary activities before tax was INR 1,535.180 million against INR 538.653 million a year ago. Net loss from ordinary activities after tax was INR 1,757.143 million or INR 69.06 per diluted share against INR 554.861 million or INR 22.54 per diluted share a year ago.

C & C Constructions Ltd. announced that the company has entered into an agreement with Engineering Project (India) Ltd. pursuant to award of contract for Design, construction, installation, commissioning of civil works of Package II (Km. 85.00 to Km 180.00) - Engineer-3 Project in Sultanate of Oman. Total cost of work in the contract is USD 58.13 million.

C & C Constructions Limited, Board Meeting, May 15, 2013. Agenda: To consider the quarterly results.