trending Market Intelligence /marketintelligence/en/news-insights/trending/F9POtLkF2TllI7oR6fh21g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Premco Global fiscal Q1 profit falls YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Premco Global fiscal Q1 profit falls YOY

Premco Global Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 4.98 Indian rupees per share, a decline of 25.3% from 6.66 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.2 million rupees, a decrease of 23.7% from 21.2 million rupees in the year-earlier period.

The normalized profit margin rose to 11.8% from 11.8% in the year-earlier period.

Total revenue declined 23.7% year over year to 137.4 million rupees from 180.1 million rupees, and total operating expenses decreased 28.0% from the prior-year period to 109.1 million rupees from 151.6 million rupees.

Reported net income fell 49.9% on an annual basis to 16.0 million rupees, or 4.92 rupees per share, from 32.0 million rupees, or 10.03 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.