global offshore services ltd (GWOS) Snapshot

Global Offshore Services Limited announced unaudited consolidated and standalone earnings results for the fourth quarter and audited consolidated, standalone earnings results for the full year ended March 31, 2013. For the quarter on consolidated basis, the company reported total income of INR 569.296 million against INR 723.857 million a year ago. Profit from operations before other income, interest and exceptional items was INR 52.084 million against INR 219.004 million a year ago. Loss from ordinary activities before tax was INR 10.474 million against profit of INR 112.354 million a year ago. Net loss for the period was INR 7.132 million or INR 0.41 per share before and after extraordinary items against net profit of INR 111.196 million or INR 4.54 per share before and after extraordinary items a year ago. For the full year on consolidated basis, the company reported total income of INR 2,694.957 million against INR 2,244.342 million a year ago. Profit from operations before other income, interest and exceptional items was INR 910.958 million against INR 503.636 million a year ago. Profit from ordinary activities before tax was INR 610.751 million against INR 244.963 million a year ago. Net profit for the period was INR 520.261 million or INR 21.27 per share before and after extraordinary items against INR 240.130 million or INR 9.81 per share before and after extraordinary items a year ago. For the quarter on standalone basis, the company reported total income of INR 269.873 million against INR 429.423 million a year ago. Profit from operations before other income, interest and exceptional items was INR 28.838 million against INR 184.199 million a year ago. Loss from ordinary activities before tax was INR 11.180 million against profit from ordinary activities before tax of INR 110.268 million a year ago. Net loss for the period was INR 10.149 million or INR 0.41 per share before and after extraordinary items against net profit of INR 109.110 million or INR 4.46 per share before and after extraordinary items a year ago. For the full year on consolidated basis, the company reported total income of INR 1,659.165 million against INR 1,531.522 million a year ago. Profit from operations before other income, interest and exceptional items was INR 766.951 million against INR 550.043 million a year ago. Profit from ordinary activities before tax was INR 585.549 million against INR 332.930 million a year ago. Net profit for the period was INR 501.420 million or INR 20.28 per share before and after extraordinary items against INR 328.796 million or INR 13.43 per share before and after extraordinary items a year ago.

Global Offshore Services Limited announced at its Board meeting held on May 30, 2013 approved the Shareholders at the Annual General Meeting has recommended final dividend of 8% that is INR 0.80 per share for year ended March 31, 2013. The total dividends for the year ended March 31, 2013 including two Interim Dividends is 24%, that is INR 2.40 per share.

Global Offshore Services Limited announced that they will report fiscal year 2013 results on May 30, 2013