Malwa Cotton Spinning Mills Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2014
For the year, the company reported net sales/income from operations of INR 1,883.8 million compared to INR 3,132.3 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 488.4 million compared to INR 1,307.2 million a year ago. Loss from ordinary activities before tax was INR 486.6 million compared to INR 1,617.2 million a year ago. Net loss for the period was INR 486.6 million compared to INR 1,617.2 million a year ago. Diluted earnings per share before and after extraordinary items was INR 42.59 compared to INR 65.12 a year ago.