Financial Daily from THE HINDU group of publications
Saturday, Jan 26, 2002
Financial Daily from THE HINDU group of publications Saturday, Jan 26, 2002 |
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Corporate Results
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Textiles Lakshmi Mills net loss at Rs 2.08 cr Our Bureau
COIMBATORE: Lakshmi Mills Company Ltd (LMC) has recorded a net loss of Rs 2.08 crore for the quarter ended December 31, 2000 against a net profit of Rs 1.96 crore in the same period the previous year. LMC, which resorted to production cut in view of the adverse market condition during the quarter under review, had its sales shrunk to Rs 43.20 crore, a drop of 21 per cent. Total loss at the end of the nine months of operation stood at Rs 4.96 crore compared to Rs 4.48 crore net profit.
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