Shree Bhawani Paper Mills Limited Announces Audited Earnings Results for the Quarter and Year Ended March 31, 2017
Shree Bhawani Paper Mills Limited announced audited earnings results for the quarter and year ended March 31, 2017. For the quarter, the company reported net sales/income from operations of INR 0.2 million. Loss from operations before other income, finance costs and exceptional items was INR 71.1 million against INR 173.7 million a year ago. Loss from ordinary activities before tax was INR 132.4 million against INR 240.3 million a year ago. Net loss for the period was INR 132.4 million against INR 239.1 million a year ago. loss per basic and diluted shares before and after extraordinary items was INR 3.80 against INR 6.86 a year ago.
For the year, the company reported net sales/income from operations of INR 0.2 million against INR 1.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.625 million against INR 284.8 million a year ago. Loss from ordinary activities before tax was INR 411.2 million against INR 514.9 million a year ago. Net loss for the period was INR 411.2 million against INR 513.7 million a year ago. loss per basic and diluted shares before and after extraordinary items was INR 11.81 against INN 14.75 a year ago.