Net profit of Oricon Enterprises declined 73.77% to Rs 1.98 crore in the quarter ended June 2018 as against Rs 7.55 crore during the previous quarter ended June 2017. Sales declined 24.76% to Rs 10.27 crore in the quarter ended June 2018 as against Rs 13.65 crore during the previous quarter ended June 2017.

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Oricon Enterprises will hold a meeting of the Board of Directors of the Company on 14 August 2018.

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Oricon Enterprises announced that Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai vide its order dated 22 June 2018, has sanctioned the Scheme of Amalgamation of Oriental Containers ('first transferor company') and Shinrai Auto Services ('second transferor company'), wholly owned subsidiaries of Oricon Enterprises, with Oricon Enterprises ('the transferee Company').

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Net profit of Oricon Enterprises declined 64.12% to Rs 0.94 crore in the quarter ended March 2018 as against Rs 2.62 crore during the previous quarter ended March 2017. Sales rose 54.15% to Rs 14.12 crore in the quarter ended March 2018 as against Rs 9.16 crore during the previous quarter ended March 2017.

For the full year,net profit rose 91.45% to Rs 15.45 crore in the year ended March 2018 as against Rs 8.07 crore during the previous year ended March 2017. Sales rose 36.57% to Rs 52.54 crore in the year ended March 2018 as against Rs 38.47 crore during the previous year ended March 2017.

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