Andhra Bank announced unaudited consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported interest income of INR 45,275 million against INR 44,019.6 million a year ago. Loss from ordinary activities before tax was INR 4,998.3 million compared to income of INR 684.2 million a year ago. Net loss was INR 5,398.3 million against profit of INR 404.2 million a year ago. Basic and diluted loss per share before and after extraordinary items (not annualized) were INR 4.50 against earnings of INR 0.59 a year ago. NII was INR 14,600 million against INR 14,410 million a year ago. Operating profit was INR 12,080 million against INR 13,690 million a year ago. Return on assets (ROA) was negative 0.86% against 0.07% a year ago. Return on avg. net worth was negative 30.98% against 1.54% a year ago. Book value per share was INR 56.04 against INR 147.35 a year ago.