Control Print (522295) Q4 97/98 earnings summary

Executive summary

• FY ended 30 June 1998: sales and service income rose to Rs 1,504.62 lakh from Rs 1,368.06 lakh; net profit after tax declined to Rs 58.07 lakh from Rs 62.74 lakh.

• Operations expanded across product range, marketing and service network; directors withheld dividend to conserve resources for ongoing expansion and a proposed joint venture.

Financial highlights

• Total income was Rs 1,526.94 lakh vs Rs 1,394.67 lakh; profit before tax was Rs 66.07 lakh vs Rs 70.94 lakh.

• Profit before depreciation and tax was Rs 89.99 lakh vs Rs 93.10 lakh; depreciation was Rs 23.92 lakh vs Rs 22.16 lakh.

• Net profit after tax was Rs 58.07 lakh vs Rs 62.74 lakh; EPS was Rs 0.84.

• Personnel costs increased to Rs 118.91 lakh from Rs 89.67 lakh; financial expenses rose to Rs 61.51 lakh from Rs 32.63 lakh.

Outlook and guidance

• Wider marketing and servicing coverage was expected to deepen market penetration, build product awareness and support higher turnover and profitability.

• A Rs 100 lakh export target was set for products and services; several components had been developed for export.

• Discussions with Markem Corporation on financial and technical participation in a manufacturing and marketing joint venture remained in progress; final structure depended on an MoU.