Asian Tea & Exports Reports Mixed Q1 Results: Standalone Profit Amidst Consolidated Loss
Asian Tea & Exports Ltd released its Q1 unaudited financial results. Standalone operations showed a revenue of Rs 19.26 lakh and a net profit of Rs 6.58 lakh (EPS: Rs 0.03). Consolidated results revealed revenue of Rs 1,373.33 lakh but a net loss of Rs 23.20 lakh (Loss per share: Rs 0.56). The company operates in tea and food products. Auditors noted Rs 158.41 lakh in outstanding debtors pending for over three years, with management expecting recovery.