Steel Authority of India posts ninth straight quarterly loss
Updated: Fri, Aug 11, 2017
05:54 pm
05:54 pm
Reuters
S.C. Garg Reform Action Plan-I: Ex-Eco Affairs Secy calls for PSU shutdownSteel 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)
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