Alka Diamond Industries Limited announced unaudited financial results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales of nil against INR 12.489 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 0.299 million against INR 0.311 million a year ago. Loss from ordinary activities before tax was INR 3.569 million against profit from ordinary activities before tax of INR 0.010 million a year ago. Net loss for the period was INR 3.572 million or INR 0.76 per diluted share against net profit for the period of INR 0.010 million or INR 0.00 per diluted share a year ago.

For the year, the company reported net sales of INR 9.823 against INR 180.752 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 0.303 million against INR 1.501 million a year ago. Loss from ordinary activities before tax was INR 3.348 million against profit from ordinary activities before tax of INR 0.669 million a year ago. Net loss for the period was INR 3.357 million or INR 0.72 per diluted share against net profit for the period of INR 0.439 million or INR 0.09 per diluted share a year ago.