Southern Magnesium and Chemicals Limited announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced sales was INR 840,000 compared to INR 8.268 million a year ago. Net loss was INR 2.005 million compared to INR 2.502 million a year ago. Basic loss per share was INR 0.67 compared to INR 13.72 a year ago. For the full year, sales was INR 15.856 million compared to INR 44.190 million a year ago. Net loss was INR 2.309 million compared to net income of INR 13.684 million a year ago. Basic loss per share was INR 0.77 compared to basic earnings per share of INR 4.56 a year ago.