Rei Agro Regs Regulatory News (REA)

1 Nov 2006 14:08

REI Agro Limited01 November 2006 REI AGRO LIMITED46C, CHOWRINGHEE ROAD,EVEREST HOUSE, KOLKATA-71UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2006 PARTICULARS QTR. ENDED QTR. ENDED HALF YEAR HALF YEAR YEAR ENDED 30.09.2006 30.09.2005 ENDED ENDED 31.03.2006 30.09.2006 30.09.2005 (AUDITED) ( AUDITED) INCOME NET SALES/INCOME FROM OPERATION 24,023.78 27,510.03 47,566.53 57,759.06 95,876.50 OTHER INCOME 2.00 14.34 2.25 14.34 22.02 24,025.78 27,524.37 47,568.78 57,773.40 95,898.52EXPENDITURE A) (INCREASE)/DECREASE IN STOCK 7,581.56 (2,139.72) 9,738.82 (2,084.26) (13,774.38) B) CONSUMPTION OF RAW MATERIALS / PURCHASE OF 11,164.41 24,753.10 26,714.88 50,717.00 89,923.53GOODS C) PERSONNEL COST 196.93 264.24 381.75 433.39 780.34 D) MANUFACTURING, ADMINISTRATION & SELLING COST 855.79 652.76 1,932.09 1,505.56 4,066.97 TOTAL EXPENDITURE 19,798.69 23,530.38 38,767.54 50,571.69 80,996.46 INTEREST/FINANCE COST 1,265.34 882.64 2,577.37 1,844.33 3,734.72 DEPRECIATION 428.33 215.64 770.21 428.10 934.27 21,492.36 24,628.66 42,115.12 52,844.12 85,665.45PROFIT BEFORE TAX 2,533.42 2,895.71 5,453.66 4,929.28 10,233.07 PROVISION FOR TAXATION-CURRENT 284.25 681.68 611.90 781.68 889.69 PROVISION FOR FRINGE BENEFIT TAX 3.12 - 5.70 - 15.91 PROVISION FOR TAXATION-DEFERRED 568.80 487.38 1,223.80 817.38 2,724.53 PROFIT AFTER TAX 1,677.25 1,726.65 3,612.26 3,330.22 6,602.94 PAID UP EQUITY SHARE CAPITAL 3,883.12 3,486.46 3,883.12 3,486.46 3,883.12(FACE VALUE RS. 10 PER SHARE) 4% NON-CONVERTIBLE PREFERENCE SHARE 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00( FACE VALUE RS. 100/- PER SHARE) RESERVE EXCLUDING REVALUATION RESERVE 24,709.71EARNING PER SHARE(EPS) - BASIC & DILUTED 4.20 5.03 9.07 9.67 19.32 AGGREGATE OF NON PROMOTER SHARE HOLDING NO OF SHARES 22,107,974 17,705,079 22,107,974 17,705,079 21,671,687 PERCENTAGE OF SHAREHOLDING 56.93 50.78 56.93 50.78 55.81 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT PARTICULARS QTR. QTR. ENDED HALF YEAR HALF YEAR YEAR ENDED ENDED 30.09.2005 ENDED ENDED 31.03.2006 30.09.2006 30.09.2006 30.09.2005 (AUDITED) Segment Revenue (net sale/income from each segment should be disclosed under this head) a) Segment Rice 22,839.90 27019.75 45,788.40 56937.50 94402.23 b) Segment Wind Farm & Others 1,183.88 490.28 1,778.13 821.56 1,474.27 Total 24,023.78 490.28 47,566.53 57,759.06 1,474.27 Less: Inter Segment Revenue - - - - - Net Sales/Income from operations 24,023.78 490.28 47,566.53 57,759.06 1,474.27 Segment Results (Profit) (+)/Loss (-) before Tax and Interest from each Segment a) Segment Rice 2,858.78 3,399.07 6,711.86 6,185.30 13,086.78 b) Segment Wind Farm & Others 937.98 364.94 1,316.92 573.97 858.99 Results 3,796.76 3,764.01 8,028.78 6,759.27 13,945.77 Less: i) Interest 1,265.34 882.64 2,577.37 1,844.33 3,734.72 ii) Other unallocable expenditure net (2.00) (14.34) (2.25) (14.34) (22.02)off unallocable income Total Profit before Tax 2,533.42 2,895.71 5,453.66 4,929.28 10,233.07 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 36,386.51 25,292.05 36,386.51 25,292.05 32,804.45 b) Segment Wind Farm & Others 6,067.94 2,304.94 6067.94 2,304.94 4813.95 c) Unallocable (6,249.36) (3118.41) (6249.36) (3,118.41) (5025.56) Total 36,205.09 24,478.58 36,205.09 24,478.58 32,592.84 NOTES : THE ABOVE RESULTS HAVE BEEN REVIEWED BY AUDIT COMMITTEE AND TAKEN ON RECORD BY THE BOARD OFDIRECTORS AT THEIR MEETING HELD ON 31STTH OCTOBER 2006. THE STATUTORY AUDITORS HAVE CARRIED OUT A LIMITED REVIEW OF THE UNAUDITED FINANCIAL RESULTSFOR QUARTER ENDED 30TH SEPTEMBER'2006. THE COMPANY HAS COMPLETED THE SECOND PHASE OF EXPANSION WITH INSTALLATION OF 12 TPH RICE MILLING UNIT w.e.f. 23.09.06 FIGURE HAVE BEEN REGOURPED/REARRANGED WHEREEVER CONSIDERED NECESSARY THERE WERE NO INVESTOR'S COMPLAINTS PENDING AT THE BEGINNING AND END OF THE QUARTER. HOWEVER THERE WEREONE INVESTOR'S COMLPAINT RECEIVED AND RESOLVED DURING THIS QUARTER. FOR AND ON BEHALF OF THE BOARD OF DIRECTORS A. CHATTERJEE DIRECTORPlace : KolkataDate : 31.10.2006 This information is provided by RNS The company news service from the London Stock Exchange