13 Dec 2019 | 1:10 AM


Suncity Syntheti Q1 net profit down 50.00% at Rs 0.01 cr
  Suncity Synthetics Ltd. | 05 Dec 2019 | 04:01 PM
Published on 08-16-2019
The company reported standalone net profit of Rs 0.01 crore for the quarter ended June 30 2019 as compared to Rs 0.02 crore in the same period last year registering a year-on-year decline of 50.00 per cent.

Net revenue of the company declined moderately by 7.95 per cent at Rs 8.68 crore in April-June quarter of this fiscal as against Rs 9.43 crore in the corresponding period last year.

During April-June quarter operating expenses dropped by 9.73 per cent to Rs 7.89 crore from Rs 8.74 crore in year ago period.

Operating Profit surged by 14.49 per cent to Rs 0.79 crore as against Rs 0.69 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.57 per cent in June quarter.

Interest declined by 9.38 per cent y-o-y to Rs 0.29 crore