Shiva Cement announces net loss in the 4QFY18-19

India’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declined 5.6 per cent YoY to INR84.2m from INR89.2m.

For FY18-19, the company’s net loss narrowed to INR212.6m from INR310.9m. Meanwhile, sales increased 16.3 per cent to INR293.8m in the full-year period, compared with INR252.6m of the previous financial year.