21 Oct 2020 | 4:10 PM

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COMPANYNEWS
Milestone Global Q2 net profit down 50.00% at Rs 0.03 cr
  Milestone Global Ltd. | 23 Oct 2019 | 03:33 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 0.03 crore for the quarter ended September 30 2019 as compared to Rs 0.06 crore in the same period last year registering a year-on-year decline of 50.00 per cent.


Net revenue of the company declined by 0.34 per cent at Rs 2.96 crore in July-September quarter of this fiscal as against Rs 2.97 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 1.40 per cent to Rs 2.81 crore from Rs 2.85 crore in year ago period.


Other Income dipped by 66.67 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.09 crore).


Operating Profit surged by 16.67 per cent to Rs 0.14 crore as against Rs 0.12 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 22.68 per cent in September quarter.


Interest declined by 14.29 per cent y-o-y to Rs 0.06 crore