07 Dec 2019 | 10:11 AM

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COMPANYNEWS
Comfort Commotrade L posts Q1 net loss of Rs 0.17 cr
  Comfort Commotrade Ltd. | 06 Dec 2019 | 03:32 PM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 0.17 crore as compared to net loss of Rs 0.63 crore in the previous year quarter.


Net revenue of the company declined substantially by 52.18 per cent at Rs 8.79 crore in April-June quarter of this fiscal as against Rs 18.38 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 52.46 per cent to Rs 8.97 crore from Rs 18.87 crore in year ago period.


Other Income grew by 700.00 per cent at Rs 0.08 crore versus (Jun`18 Rs 0.01 crore).


Operating Profit slipped by 70.97 per cent to Rs -0.18 crore as against Rs -0.62 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 39.12 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore while Taxation increased by 0.00 per cent at Rs 0.02 crore (Jun`18 Rs 0.00 crore).