Announcements
25/05/2018 - Asian Star reports 59% rise in Q4 consolidated net profit

25/05/2018
Asian Star has reported results for the fourth quarter and year ended March 31, 2018. The company has reported a fall of 13.06% in its net profit at Rs 13.25 crore for the quarter ended March 31, 2018 as compared to Rs 15.24 crore for the same quarter in the previous year. Total income of the company decreased by 19.66% at Rs 673.29 crore for quarter under review as compared to Rs 838.07 crore for the quarter ended March 31, 2017. On consolidated basis, the company has reported a rise of 58.99% in its net profit at Rs 23.26 crore for the quarter ended March 31, 2018 as compared to Rs 14.63 crore for the corresponding quarter in the FY17. However, total consolidated income of the company decreased by 16.62% at Rs 881.90 crore for quarter under review as compared to Rs 1057.71 crore for the same quarter ended previous year. For the year ended March 31, 2018, the company has posted a fall of 19.87% in its net profit of Rs 35.64 crore as compared to Rs 44.48 crore for the previous year. However, total income of company increased marginally by 1.20% at Rs 2737.61 crore for year under review as compared to Rs 2705.07 crore for the year ended March 31, 2017. For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of 65.31% in its net profit at Rs 109.19 crore as compared to Rs 66.05 crore for the same period in the previous year. Total income of company increased by 11.77% at Rs 3913.26 crore for year under review as compared to Rs 3501.03 crore for the year ended March 31, 2017.