Facor Steels Ltd. Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013
For the year, the company reported net sales of INR 2,718.412 million compared with INR 3,377.878 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 201.808 million compared with INR 15.808 million for the same period last year. Loss from ordinary activities before tax was INR 286.646 million compared with INR 86.632 million for the same period last year. Net loss for the period was INR 250.085 million or INR 1.21 diluted per share compared with INR 88.860 million or INR 0.42 diluted per share for the same period last year.