Control Print (522295) Q4 01/02 earnings summary

Executive summary

• FY02 sales and service income reached Rs 239.84m versus Rs 219.46m in FY01; net profit was Rs 11.79m versus Rs 4.15m.

• Coding and marking remained the core business, supported by a broad product range, nationwide service network and expansion into new applications and medium-sized customers.

Financial highlights

• Total income was Rs 240.47m versus Rs 220.41m; profit before depreciation and tax was Rs 23.74m versus Rs 12.43m.

• Profit before tax was Rs 18.46m versus Rs 7.15m; profit after tax was Rs 11.79m versus Rs 4.15m.

• Current tax provision was Rs 7.30m versus Rs 3.00m; deferred tax credit was Rs 0.63m in FY02.

• Operating cash flow was Rs 30.82m versus an outflow of Rs 3.67m; closing cash and bank balances were Rs 3.87m versus Rs 2.53m.

Outlook and guidance

• Packaging-sector growth, rising consumer-goods investment, global competition and new packaging regulations were expected to support demand for coding and marking products.

• Management aimed to capitalize on demand and grow faster than the market, while tracking packaging-industry developments and adapting business models.

• Export products and services target set at Rs 5.00m; several components had been developed for export.