venlon enterprises ltd (VEL) Snapshot

Venlon Enterprises Ltd. 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 75.151 million compared to INR 80.930 million a year ago. Loss from operations before other income and finance costs was INR 11.353 million compared to INR 4.369 million last year. Loss before tax was INR 7.981 million compared to INR 82.805 million last year. Net profit after tax was INR 7.054 million or INR 0.14 per basic and diluted share compared to net loss after tax of INR 50.234 million or INR 0.96 per basic and diluted share last year. For the year, the company reported net sales/income from operations of INR 254.809 million compared to INR 307.727 million a year ago. Loss from operations before other income and finance costs was INR 32.346 million compared to INR 21.576 million last year. Loss before tax was INR 91.128 million compared to INR 107.274 million last year. Net loss after tax was INR 76.093 million or INR 1.46 per basic and diluted share compared to net loss after tax of INR 74.703 million or INR 1.43 per basic and diluted share last year.

Venlon Enterprises Ltd., Board Meeting, May 30, 2013. Agenda: To consider quarterly audited results.

Venlon Enterprises Ltd. announced earnings results for the audited third quarter and unaudited nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 41.772 million against INR 74.968 million a year ago. Loss from operations before other income and finance costs was INR 13.958 million against INR 0.093 million a year ago. Loss before tax was INR 43.535 million against INR 5.158 million a year ago. Net loss for the year after tax was INR 43.535 million against INR 5.158 million a year ago. Basic and diluted loss per share was INR 0.83 against INR 0.10 a year ago. For the nine months period, the company reported net sales of INR 179.658 million against INR 226.797 million a year ago. Loss from operations before other income and finance costs was INR 20.993 million against INR 8.543 million a year ago. Loss before tax was INR 83.147 million against INR 24.469 million a year ago. Net loss for the year after tax was INR 83.147 million against INR 24.469 million a year ago. Basic and diluted loss per share was INR 1.59 against INR 0.47 a year ago.