The company’s Sales increased by 133percent in the outgoing year, whereas the loss for the period also increased 182percent in comparison to previous year.
Comparison of Key Financials:
For the Half Year Ended
30th June, 2017
30th June, 2016
Cost of Sales
Marketing and Distribution Expense
Loss from Operations
Loss for the Period
Loss per share – basic and diluted
The Company issued no Cash Dividend, Bonus Shares for the period.
However, it has recommended to issue 300% right shares at the price of Rs. 10/-per share in the proportion of 300 ordinary shares for every 100 Ordinary or 100 Non-Voting Ordinary Shares for the above mentioned period.
- The purpose of the issue is Business Expansion/Diversification and Working Capital Requirements
- The proceeds from Right Issue will be utilized for expansion of sales and distribution network; increasing media spend for enhanced brand equity, improvement of Raw Milk procurement System, research and development of new products and working capital.
- 396,305,394 Voting Ordinary Shares (300% of existing paid-up capital of the Company) be offered by the way of right shares to the holders of Voting Ordinary Shares and Non-Voting Ordinary Shares in equal proportion to their respective existing holdings.
- The risk associated is of Investment.
The complete statements can be accessed here.