Flora Textiles Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 1.853 million compared with INR 4.79 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 0.446 million compared with INR 2.876 million for the same period a year ago. Loss from ordinary activities before tax was INR 0.533 million compared with INR 2.97 million for the same period a year ago. Net loss was INR 0.533 million or INR 0.09 per basic and diluted share before and after extraordinary items compared with INR 2.97 million or INR 0.50 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the nine months, the company reported net sales of INR 11.072 million compared with INR 21.289 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 1.798 million compared with INR 6.516 million for the same period a year ago. Loss from ordinary activities before tax was INR 1.944 million compared with INR 10.921 million for the same period a year ago. Net loss was INR 1.944 million or INR 0.32 per basic and diluted share before and after extraordinary items compared with INR 10.921 million or INR 1.82 per basic and diluted share before and after extraordinary items for the same period a year ago.