ponni sugars erode ltd (PSER) Snapshot

The Board of Directors of the Ponni Sugars (Erode) Limited have recommended dividend of INR 1.50 per share per equity share for the year 2012-13 subject to approval of shareholders in the ensuing Annual General Meeting, to be held on July 24, 2013. This dividend will be paid between August 5, 2013 and August 10, 2013.

Ponni Sugars (Erode) 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 617.7 million, total income from operations of INR 619.0 million, profit from ordinary activities before tax of INR 2.5 million, net profit of INR 108.2 million or INR 12.58 per basic and diluted share compared to the net sales/income from operations of INR 615.6 million, total income from operations of INR 629.7 million, profit from ordinary activities before tax of INR 41.5 million, net profit of INR 27.8 million or INR 3.23 per basic and diluted share for the same quarter year ago. Profit from operation before other income, finance costs and exceptional items was INR 22.0 million against INR 69.1 million a year ago. For the year, the company reported net sales/income from operations of INR 2,111.2 million, total income from operations of INR 2,124.8 million, profit from ordinary activities before tax of INR 121.6 million, net profit of INR 191.1 million or INR 22.22 per basic and diluted share compared to the net sales/income from operations of INR 2,656.2 million, total income from operations of INR 2,689.3 million, profit from ordinary activities before tax of INR 261.2 million, net profit of INR 177.9 million or INR 20.69 per basic and diluted share for the same quarter year ago. Profit from operation before other income, finance costs and exceptional items was INR 152.6 million against INR 283.4 million a year ago. PBIDT was INR 292.8 million against INR 327.2 million a year ago.

Ponni Sugars (Erode) Limited announced that they will report fiscal year 2013 results on May 29, 2013