Control Print (522295) Q4 99/00 earnings summary

Executive summary

• Coding and marking solutions remained the core business; operations served traditional multinational accounts and added medium-sized customers, supported by a nationwide sales and service network.

• Accounts covered 9 months ended 31 Mar 2000 after the year-end changed from 30 June to 31 March; comparisons with the prior 12-month period are not like-for-like.

Financial highlights

• Sales and service income was Rs 1,430.24 lakh and total income Rs 1,441.74 lakh for 9M; prior-year figures covered 12 months.

• Profit before depreciation and tax was Rs 90.26 lakh; net profit before tax Rs 55.28 lakh; profit after tax Rs 40.28 lakh, including Rs 5.00 lakh earlier-year adjustments.

• No dividend was recommended, with resources to be conserved for ongoing expansion and a proposed joint venture.

Outlook and guidance

• Consumer-goods investment, global competition and new packaging regulations were expected to drive strong demand for coding and marking in coming years.

• Upgraded products, stronger marketing, an extended service network and an established installed base underpin plans for faster growth and a substantial increase in turnover and profitability.

• Export target set at Rs 50 lakh for products and services; components had been developed for export.