" According to Moser Baer, the company's total accumulated losses as on date stand at Rs.728.74 crore, eroding the net worth."
Mumbai, Aug 16 - The net loss of optical storage/compact disc manufacturer Moser Baer India Ltd has nearly doubled at around Rs.189.20 crore for the quarter ended June 30,2014 as compared to the previous year's corresponding period.

In a filing with the Bombay Stock Exchange (BSE), the company's total income from operations stood at Rs.270.67 crore and the net loss at Rs.189.20 crore for the quarter ended June 20,2014 as against Rs.346.92 crore and a net loss of Rs.98.50 crore logged during the comparable period the previous year.

According to Moser Baer, the company's total accumulated losses as on date stand at Rs.728.74 crore, eroding the net worth.

The company's current liabilities exceed current assets by Rs.1,166.91 crore.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002396546
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.