India: Orient Cement reports loss of US$166.9m for 3Q ended 31 Dec

CK Birla group firm Orient Cement today reported narrowing of its net loss on standalone basis to INR11,210m (US$166.9m) for the third quarter ended on 31 December 2016.

 It had reported a net loss of INR12,910m in the year-ago period, Orient Cement said in a BSE filing.

The firm's total income jumped 33.7 per cent to INR529,260m during the quarter under review from INR395,850m last fiscal.

Orient Cement's total expenses saw a rise of 29.87 at INR514,370m as against INR396,050m in the year-ago quarter.