omnitex industries india (OMTX) Snapshot

The Board of Directors of the Omnitex Industries India Ltd. at its meeting held on May 30, 2013, has considered the resignation of Mr. Deepak Advani as Director with effect from May 30, 2013 and appointment of Mr. Durgaprasad S. Sabnis as Additional Director with effect from May 30, 2013 who shall hold office until the conclusion of next AGM.

Omnitex Industries (India) Limited reported audited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 1.582 million against INR 3.998 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 0.415 million against INR 0.371 million a year ago. Profit from ordinary activities before tax was INR 0.346 million against INR 0.298 million a year ago. Net profit was INR 0.253 million or INR 0.06 per basic and diluted share before and after extra ordinary items against net profit of INR 0.427 million or INR 0.10 per basic and diluted share before and after extra ordinary items a year ago. For the year, the company reported net sales/income from operations of INR 5.049 million against INR 3.998 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.374 million against INR 1.503 million a year ago. Profit from ordinary activities before tax was INR 1.564 million against INR 0.870 million a year ago. Net profit was INR 1.095 million or INR 0.26 per basic and diluted share before and after extra ordinary items against net profit of INR 0.796 million or INR 0.19 per basic and diluted share before and after extra ordinary items a year ago.

Omnitex Industries (India) Limited, Board Meeting, May 20, 2013. Agenda: To consider general audited results.