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
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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