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Business News » World News

Steel Authority of India posts ninth straight quarterly loss

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Updated: Fri, Aug 11, 2017
05:54 pm
Reuters
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Steel Authority of India Ltd reported its ninth consecutive quarterly loss on Friday, hurt by higher expenses.

Net loss came in at 8.01 billion rupees ($124.80 million), in the first quarter ended June 30, compared with a loss of 5.36 billion rupees in the year-ago period. (http://bit.ly/2vLi1df)

Total expenses for the quarter surged 27 percent to 143.50 billion rupees.($1 = 64.1850 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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