Control Print (522295) Q4 98/99 earnings summary

Executive summary

• Sales and service income rose to Rs 1,749.05 lakh in FY1998-99 from Rs 1,504.62 lakh; net profit was Rs 57.82 lakh versus Rs 58.07 lakh.

• Coding and marking operations expanded across products, marketing and service; resource conservation for expansion and a proposed joint venture led to no dividend recommendation.

Financial highlights

• Total income was Rs 1,756.75 lakh, up from Rs 1,526.94 lakh; profit before tax was Rs 71.82 lakh versus Rs 66.07 lakh.

• Profit after tax was Rs 57.82 lakh versus Rs 58.07 lakh; tax provision increased to Rs 14 lakh from Rs 8 lakh.

• Sales and service income was Rs 1,749.05 lakh; other income was Rs 7.70 lakh, down from Rs 22.32 lakh.

Outlook and guidance

• Existing marketing and service coverage was expected to support deeper market penetration and greater product awareness, contributing to higher turnover and profitability.

• Expansion and a proposed joint venture were cited as reasons to conserve resources; no dividend was recommended for FY1998-99.