trending Market Intelligence /marketintelligence/en/news-insights/trending/Chk8i1uVesK6vCLhDhgTsQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Longview Tea fiscal Q3 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Longview Tea fiscal Q3 profit falls YOY

Longview Tea Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 5 Indian paise per share, a decline of 41.8% from 9 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 171,880 rupees, a decrease of 38.2% from 278,130 rupees in the prior-year period.

The normalized profit margin declined to 4.4% from 5.9% in the year-earlier period.

Total revenue fell 16.8% on an annual basis to 3.9 million rupees from 4.7 million rupees, and total operating expenses declined 10.6% year over year to 5.1 million rupees from 5.8 million rupees.

Reported net income decreased 38.1% year over year to 223,000 rupees, or 7 paise per share, from 360,000 rupees, or 12 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.