The News Scroll 23 July 2019  Last Updated at 6:33 pm | Source: PTI

GE Power India posts Rs 8.76 cr loss in June quarter

GE Power India posts Rs 8.76 cr loss in June quarter
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Jul 23 (PTI) GE Power India on Tuesday posted a Rs 8.76 crore loss in June quarter mainly due to higher expenses and subdued revenues compared to year-ago period.

The company had posted a net profit of Rs 2.37 crore in the quarter ended June, 2018, a BSE filing said.

Total income of the company in April-June period was at Rs 467.04 crore down from Rs 467.25 crore a year ago. The total expenses rose to Rs 479.34 crore in the quarter under review from Rs 451.57 crore in the same period a year ago.

The company''s business activity falls within a single operating segment -- Power Generation equipments and related services.

Shareholders of GE Power on Tuesday approved a dividend of Rs 6 per share. PTI KKS SHW SHW


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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