Best Agrolife (539660) Q4 11/12 earnings summary

Executive summary

• FY12 profit after tax was Rs 6,380, versus a loss of Rs 87,633 in FY11, as revenue and expenses both declined.

• Carried-forward losses stood at Rs 325,223 at year-end; directors cited future funding needs in recommending no dividend.

Financial highlights

• Revenue was Rs 1,383,490 versus Rs 2,525,724 in FY11; interest income was Rs 1,375,722 versus Rs 2,517,224.

• PBT was Rs 46,890 versus Rs 311,601; net income was Rs 6,380 versus a loss of Rs 87,633.

• Total expenses fell to Rs 1,336,600 from Rs 2,214,123; employee benefit expense was Rs 662,101 versus Rs 1,161,274.

• Total assets were Rs 34,553,754 versus Rs 31,308,105; short-term loans and advances were Rs 33,688,213 versus Rs 30,463,367.

Outlook and guidance

• Directors expressed hope for better performance in coming years.