Stewarts & Lloyds of India Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
For the nine months, the company reported net sales of INR 230.4 million compared to INR 299.7 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 43.2 million compared to loss from operations before other income, finance costs and exceptional items of INR 10.3 million a year ago. Loss from ordinary activities before tax was INR 76.6 million compared to profit from ordinary activities before tax of INR 0.3 million a year ago. Loss for the period was INR 77.9 million or INR 25.97 per basic and diluted share compared to profit for the period of INR 2.0 million or INR 0.67 per basic and diluted share a year ago.