Pioneer Agro Extracts Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 2.829 million, profit before tax of INR 0.182 million and net profit of INR 0.182 million or INR 0.04 per basic and diluted share after extraordinary items on income from operations of INR 145.352 million against profit from operations before other income, finance costs and exceptional items of INR 8.055 million, profit before tax of INR 5.539 million and net profit of INR 5.539 million or INR 1.28 per basic and diluted share after extraordinary items on income from operations of INR 319.512 million reported a year ago. For the nine months period, the company reported profit from operations before other income, finance costs and exceptional items of INR 8.845 million, profit before tax of INR 1.671 million and net profit of INR 1.671 million or INR 0.39 per basic and diluted share after extraordinary items on income from operations of INR 458.737 million against profit from operations before other income, finance costs and exceptional items of INR 14.102 million, profit before tax of INR 5.690 million and net profit of INR 5.690 million or INR 1.31 per basic and diluted share after extraordinary items on income from operations of INR 830.486 million reported a year ago.

Pioneer Agro Extracts Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company net sales were INR 145.352 million against INR 319.512 million for the same period of last year. Profit from operations before other income, interest & exceptional items was INR 1.262 million against INR 6.719 million for the same period of last year. Profit from ordinary activities before tax was INR 0.182 million against INR 5.539 million for the same period of last year. Net profit for the period was INR 0.182 million or INR 0.04 per basic and diluted share against INR 5.539 million or INR 1.28 per basic and diluted share for the same period of last year. For the nine months, the company net sales were INR 6.096 million against INR 8.087 million for the same period of last year. Profit from operations before other income, interest & exceptional items was INR 1.262 million against INR 6.719 million for the same period of last year. Profit from ordinary activities before tax was INR 1.671 million against INR 5.690 million for the same period of last year. Net profit for the period was INR 1.671 million or INR 0.39 per basic and diluted share against INR 5.690 million or INR 1.31 per basic and diluted share for the same period of last year.

Pioneer Agro Extracts Ltd, Board Meeting, Jan 31, 2013. Agenda: To consider quarterly results.