Control Print (522295) Q4 00/01 earnings summary

Executive summary

• Coding and marking sales and service income totaled Rs. 219,460,288 for the 12 months ended March 31, 2001; the prior period covered 9 months, limiting comparability.

• Market leadership, customer additions and a nationwide service network supported expansion across coding and marking applications.

Financial highlights

• Total income was Rs. 220,410,014 versus Rs. 144,174,038 in the prior 9-month period; sales and service income was Rs. 219,460,288 versus Rs. 143,024,300.

• Profit before depreciation and tax was Rs. 12,427,945; depreciation was Rs. 5,275,011 and PBT was Rs. 7,152,934, versus Rs. 5,527,593 in the prior period.

• Net profit after tax was Rs. 4,152,934 versus Rs. 4,027,593; current-year tax provision was Rs. 3,000,000.

• Net cash from operating activities was negative Rs. 1,903,607; investing activities used Rs. 1,415,530, while financing activities provided Rs. 2,647,888.

Outlook and guidance

• Packaging growth, consumer-goods investment, global competition and new government packaging regulations were expected to drive strong demand for coding and marking solutions.

• Management aimed to capitalize on demand and grow faster than the market; an export target of Rs. 25.00 lakh was set for products and services.