India: Saurashtra Cement reports June quarter loss

India: Saurashtra Cement reports June quarter loss
Published: 23 August 2010

Saurashtra Cement swung to loss for the quarter ended June 2010. During the quarter, the company reported loss of INR 21.90m compared with a profit of INR 174.77m in the same quarter previous year.

 The company’s net sales for the quarter declined 28.97 per cent to INR1016m, while total income for the quarter fell 28.97 per cent to INR 1016.49m, when compared with the prior year period.