ABM International L posts Q1 net loss of Rs 0.16 cr
20/08/2019 12:40
The company reported standalone net loss during the quarter stood at Rs 0.16 crore as compared to net loss of Rs 0.32 crore in the previous year quarter.

Net revenue of the company rose substantially by 42.61 per cent at Rs 28.08 crore in April-June quarter of this fiscal as against Rs 19.69 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 40.85 per cent to Rs 28.24 crore from Rs 20.05 crore in year ago period.

Other Income dipped by 69.23 per cent at Rs 0.04 crore versus (Jun'18 Rs 0.13 crore).

Operating Profit slipped by 55.56 per cent to Rs -0.16 crore as against Rs -0.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 69.06 per cent in June quarter.