SIEL Ld - Results to 30 Sept. 1999
09 Novembre 1999 - 3:57PM
UK Regulatory
RNS Number:1518A
SIEL Ld
2 November 1999
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF THREE MONTHS ENDED 30.09.99
Rs.in Million
Three months ended Year Ended
SL. PARTICULARS 30.09.99 30.09.98 30.09.98
NO. Audited
1 Net sales 1,421 1,090 4,990
2(a) Profit on sale of long term investments 14 - 846
(b) Other income 49 35 60
3(a) Total expenditure 1,307 962 4,458
(b) Provision for diminution in the value
of long term Investments - 126 537
(c) Provision for doubtful debts/advances - 15 130
4 Interest(net) 140 106 448
5 Gross profit/(loss) after interest but
before depreciation and tax 37 (84) 323
6 Depreciation 51 30 105
7 Profit/(loss) before tax (14) (114) 218
8 Provision for tax - 46 55
9 Net profit/(loss) (14) (160) 163
10 Paid-up equity share capital 339 325 325
11 Reserves excluding revaluation reserves - - 2,141
(as per balance sheet of previous year)
Notes
1. The above results have been taken on record by the Board of Directors in its
meeting held on 31.10.99
2. Other Income includes Rs 33 Million being the write back of excess provision
(net) no longer required.
3. Pending declaration of price of Sugar for the season 1998-99 an estimated
Profit of Rs 29 Million for the year arising on account of difference in
levy price between 1997-98 and 1998-99 has not been considered.
4. The Company is in the process of achieving Y2K compliance and is in a
position to meet the cost.
5. Profit/(Loss) for quarter ended September is not comparable with the figures
for the quarter ended Sept 98 which included Rs 142 Million as provision for
diminution in the value of long term investments/doubtful debts/advances.
END
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