Kumar Wire Cloth Manufacturing Co. Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 14, 2016 at 09:33 am
Kumar Wire Cloth Manufacturing Co. Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company's net sales/income from operation was INR 1.6 million compared to INR 1.8 million a year ago. Loss from operations before other income, interest and exceptional items was INR 0.36 million compared to INR 0.19 million a year ago. Net loss was INR 0.19 million or INR 0.07 per basic and diluted share compared to INR 0.04 million or INR 0.01 per basic and diluted share a year ago.
For the six months, the company's net sales/income from operation was INR 3.67 million compared to INR 3.69 million a year ago. Loss from operations before other income, interest and exceptional items was INR 1.23 million compared to INR 0.6 million a year ago. Net loss was INR 0.9 million or INR 0.33 per basic and diluted share compared to INR 0.27 million or INR 0.10 per basic and diluted share a year ago.