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Sales rise 116.77% to Rs. 13.44 crore
Asian Oilfield Services reported net loss of Rs. 1.32 crore in the quarter ended December 2010 as against net profit of Rs. 0.41 crore during the previous quarter ended December 2009. Sales rose 116.77% to Rs. 13.44 crore in the quarter ended December 2010 as against Rs. 6.20 crore during the previous quarter ended December 2009.
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| Particulars |
Quarter Ended |
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Dec. 2010 |
Dec. 2009 |
% VAR |
| Sales |
13.44 |
6.20 |
117 |
| OPM |
4.69 |
22.26 |
-79 |
| PBDT |
0.47 |
1.59 |
-70 |
| PBT |
-1.77 |
0.54 |
PL |
| NP |
-1.32 |
0.41 |
PL |
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Under ESOS
The ESOS compensation committee of Asian Oilfield Services in its meeting on 07 December 2010 has granted 5,77,683 stock options to the eligible employees of the company, under the Employee Stock Option Scheme - 2010 (ESOS-2010). Each option when exercised would be convened into one equity share of the company of Rs. 10 each fully paid up.
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With effect from 01 November 2010
Asian Oilfield Services has announced that Naresh Chandra Sharma has been appointed as additional director on the board of directors of the company with effect from 01 November 2010.
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Sales reported at Rs. 2.00 crore.
Asian Oilfield Services reported net loss of Rs. 4.01 crore in the quarter ended September 2010 as against net loss of Rs. 1.22 crore during the previous quarter ended September 2009. Sales reported to Rs. 2.00 crore in the quarter ended September 2010. There were no sales reported during the previous quarter ended September 2009.
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| Particulars |
Quarter Ended |
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Sep. 2010 |
Sep. 2009 |
% VAR |
| Sales |
2.00 |
0 |
0 |
| OPM |
-224 |
0 |
0 |
| PBDT |
-3.91 |
-0.88 |
-344 |
| PBT |
-6.08 |
-1.96 |
-210 |
| NP |
-4.01 |
-1.22 |
-229 |
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Sales rise 30.22% to Rs. 19.91 crore.
Net profit of Asian Oilfield Services rose 32.63% to Rs. 2.52 crore in the quarter ended June 2010 as against Rs. 1.90 crore during the previous quarter ended June 2009. Sales rose 30.22% to Rs. 19.91 crore in the quarter ended June 2010 as against Rs. 15.29 crore during the previous quarter ended June 2009.
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| Particulars |
Quarter Ended |
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Jun. 2010 |
Jun. 2009 |
% VAR |
| Sales |
19.91 |
15.29 |
30 |
| OPM |
28.63 |
26.29 |
9 |
| PBDT |
5.74 |
2.88 |
99 |
| PBT |
3.72 |
1.80 |
107 |
| NP |
2.52 |
1.70 |
33 |
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Sales reported at Rs. 18.56 crore.
Asian Oilfield Services reported net loss of Rs. 0.87 crore in the year ended March 2010. Sales reported to Rs. 18.56 crore in the year ended March 2009. The company has changed its year end from June 2010 to March 2009 and the value given for the full year ended March 2010 is for the period of 9 months. Hence, the full year is not comparable.
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On 03 February 2010.
The board of Asian Oilfield Services in its meeting on 03 February 2010 has allotted 40,50,000 equity shares of Rs. 10 each at a premium of Rs. 51.20 to Samara Capital Partners Fund.
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Sales decline 71.39% to Rs. 6.20 crore.
Net profit of Asian Oilfield Services declined 67.72% to Rs. 0.41 crore in the quarter ended December 2009 as against Rs. 1.27 crore during the previous quarter ended December 2008. Sales declined 71.39% to Rs. 6.20 crore in the quarter ended December 2009 as against Rs. 21.67 crore during the previous quarter ended December 2008.
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| Particulars |
Quarter Ended |
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Jun. 2010 |
Jun. 2009 |
% VAR |
| Sales |
6.20 |
21.67 |
-71 |
| OPM |
22.26 |
15.74 |
41 |
| PBDT |
1.59 |
4.15 |
-62 |
| PBT |
0.54 |
3.26 |
-83 |
| NP |
0.41 |
1.27 |
-68 |
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EGM on 19 January 2010.
The extraordinary general meeting of Asian Oilfield Services will be held on 19 January 2010 to issue and allot 40,50,000 equity shares to Samara Capital Partners Fund.
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To convene EGM.
The board of Asian Oilfield Services in its meeting on 22 December 2009 has approved to issue 40,50,000 convertible share warrants of Rs. 10 each to Vertex Suppliers (20,25,000 warrants) and Gellert Mercantile (20,25,000 warrants).
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On 22 December 2009.
The board meeting of Asian Oilfield Services will be held on 22 December 2009 to consider and approve additional funding for proposed expansion activities by way of offer and issue equity shares / convertible warrants on preferential basis to strategic investors as per their letters of intent received.
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To convene EGM.
The board of Asian Oilfield Services in its meeting on 16 December 2009 has accepted the resignation of Satya Pal Talwar as the chairman and director of the company due to his pre-occupation.
The board has approved to issue 40,50,000 number of equity shares to Samara Capital Partners Fund I Limited at a price that may be determined as per regulation 76 of SEBI (ICDR) Regulations 2009, on preferential basis subject to the approval of shareholders at the extra ordinary general meeting scheduled to be held on 19 January 2010 and other regulatory approvals.
The board has fixed 20 December 2009 as 'Relevant Date' for the purpose of aforesaid preferential issue.
The board has approved to increase the authorized capital of the company to Rs. 20 crores divided into 2,00,00,000 number of shares of face value Rs. 10 each.
The board has decided to convene extra ordinary general meeting of the shareholders of the company on 19 January 2010, to seek their approval for the aforesaid purposes.
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On 16 December 2009.
The board meeting of Asian Oilfield Services will be held on 16 December 2009 to consider various funding options available for the proposed expansion of activities of the company.
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No sales reported during the quarter.
Asian Oilfield Services reported net loss of Rs. 1.22 crore in the quarter ended September 2009 as against net profit of Rs. 0.07 crore during the previous quarter ended September 2008. There were no sales reported in the quarter ended September 2009 as against Rs. 3.37 crore during the previous quarter ended September 2008.
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| Particulars |
Quarter Ended |
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Jun. 2010 |
Jun. 2009 |
% VAR |
| Sales |
0 |
3.37 |
-100 |
| OPM |
0 |
16.91 |
-100 |
| PBDT |
-0.86 |
0.93 |
PL |
| PBT |
-1.96 |
0.09 |
PL |
| NP |
-1.22 |
0.07 |
PL |
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