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August 14, 2015

India

Waterbase Limited Reports Its Financial Results

 

The Waterbase, Ltd., a pioneer in Indian shrimp farming and a leading producer of shrimp feed, has announced its financial results for the quarter ended June 30, 2015, which is the first quarter of its 2016 fiscal year, or Q1FY16.

 

• Revenues in Q1FY16 were $15.6 million, an increase of 17.9% compared to $13.2 million in Q1FY15.

 

• EBITDA (earnings before interest, taxes, depreciation, and amortization) in Q1FY16 were $2.0 million, an increase of 20% compared to $1.6 million in Q1FY15.

 

• PAT (profits after tax) in Q1FY16 were $1.3 million, an increase of 10.6%, compared to $1.2 million in Q1FY15.

 

The Waterbase, Ltd., plans to diversify into shrimp hatcheries.  It has procured a site for its first hatchery and construction is scheduled to commence shortly.

 

Information: Mayank Vaswani, CDR India, The Waterbase, Ltd., Floor 2, Motlibai Wadia Building, 22D, S.A. Brelvi Road, Horniman Circle, Fort, Mumbai 400 001, India (phone +91-22-6645-1230, email mayank@cdr-india.com, webpage http://www.waterbaseindia.com).

 

Source: Email to Shrimp News International.  Subject: Details of Q1FY16 Results of the Waterbase, Ltd. - Leading manufacturer of Shrimp Feed in India.  Mayank Vaswani (mayank@cdr-india.com).  August 12, 2015.

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