Thursday, May 22, 2008

Lakshmi Mills Company reports net loss of Rs 0.08 crore in the March 2008 quarter

Lakshmi Mills Company reported net loss of Rs 0.08 crore in the quarter ended March 2008 as against net profit of Rs 2.86 crore during the previous quarter ended March 2007. Sales declined 26.63% to Rs 23.25 crore in the quarter ended March 2008 as against Rs 31.69 crore during the previous quarter ended March 2007.

For the full year, net loss reported to Rs 4.99 crore in the year ended March 2008 as against net profit of Rs 5.58 crore during the previous year ended March 2007. Sales declined 28.85% to Rs 100.77 crore in the year ended March 2008 as against Rs 141.64 crore during the previous year ended March 2007.

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