Best Agrolife (539660) Q4 10/11 earnings summary

Executive summary

• FY 2010-11 income and pre-tax profit rose versus FY 2009-10; profit after tax was Rs 183,889, while accumulated losses carried forward were Rs 331,603.

• The board retained earnings for operations and did not recommend a dividend; directors expected further improvement in coming years.

Financial highlights

• Income was Rs 2,525,724 in FY 2010-11 versus Rs 1,566,940 in FY 2009-10; interest received was Rs 2,517,224 and investment-sale profit was Rs 8,500.

• Profit before depreciation and taxes was Rs 330,220 versus Rs 169,767; depreciation was Rs 18,619 versus Rs 23,447.

• Pre-tax profit was Rs 311,601 versus Rs 146,320; profit after tax was Rs 183,889 versus Rs 97,686.

• Personnel expenses rose to Rs 1,161,274 from Rs 601,686; administrative and other expenses rose to Rs 1,034,230 from Rs 795,487.

Outlook and guidance

• Directors expressed satisfaction with FY 2010-11 results and expected further improvement in coming years.