Skipper Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2017
1. The above financial Results as reviewed by the audit committee were taken on record by the Board of Directors at its meeting held on 15th May,2017. The Statutory Auditors have audited the above financial results.
2. Revenue From Operations includes gains of Rs 193.26 million for the year ended 31st March 2017 (Previous year: Rs 181.37 million) and Rs 163.70 million during the current quarter (Previous quarter; Nil and corresponding previous quarter : Rs Nil ) realised on cancellation /roll over of forward contracts (foreign currency) relating to future export sales (firm commitment).
3. The Board of Directors have proposed final dividend of Re 1.55 (Rupee One and Fifty-Five paisa only) Per Equity share of Re 1 (Face Value) payable subject to the approval in the Annual General Meeting of the Company.
4. The figures of the last quarter for the current and previous year are the balancing figures between the audited figures for full financial year and the published year to date figures upto December, 31 of the respective year.
5. Previous year's / periods figures have been re-arranged / re-grouped wherever necessary.