yarn syndicate ltd (YSY) Snapshot

Yarn Syndicate Limited announced audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 2.338 million compared to INR 11.341 million a year ago. Total income was INR 3.578 million compared to INR 11.880 million a year ago. Loss from operation before other income, interest and exceptional items was INR 5.249 million compared to INR 8.045 million a year ago. Loss from ordinary activities before tax was INR 4.775 million compared to INR 8.253 million a year ago. Net loss for the period was INR 4.628 million compared to INR 8.023 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 1.23 compared to INR 2.14 a year ago. For the year, the company reported net sales/income from operations of INR 16.716 million compared to INR 58.30 million a year ago. Total income was INR 18.422 million compared to INR 61.941 million a year ago. Loss from operation before other income, interest and exceptional items was INR 15.745 million compared to INR 16.361 million a year ago. Loss from ordinary activities before tax was INR 14.356 million compared to INR 14.713 million a year ago. Net loss for the period was INR 14.351 million compared to INR 14.483 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 3.83 compared to INR 3.86 a year ago.

Yarn Syndicate Limited, Board Meeting, May 30, 2013. Agenda: To consider audited results.

Yarn Syndicate Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 7.018 million against INR 16.381 million a year ago. Loss from operations before other income, interest and exceptional items was INR 3.573 million against INR 3.872 million a year ago. Loss from ordinary activities before tax was INR 3.246 million against INR 3.334 million a year ago. Net loss for the period was INR 3.438 million or INR 0.92 per basic and diluted share against net loss for the period of INR 3.334 million or INR 0.89 per basic and diluted share a year ago.   For the nine months, the company reported net sales/income from operations of INR 14.378 million against INR 46.959 million a year ago. Loss from operations before other income, interest and exceptional items was INR 10.496 million against INR 8.316 million a year ago. Loss from ordinary activities before tax was INR 9.580 million against INR 6.460 million a year ago. Net loss for the period was INR 9.722 million or INR 2.59 per basic and diluted share against net loss for the period of INR 6.460 million or INR 1.72 per basic and diluted share a year ago.