Tag Archives: Loss

TDP at crossroads over Chandrababu Naidu’s future after huge loss to YSRCP

After losing three elections back-to-back in less than a year, former Andhra Pradesh (AP) chief minister and Telugu Desam Party (TDP) supremo might find himself at a crossroad, as his political future hangs in the balance. TDP leaders said that while his original plan was to transition power slowly to his son Nara Lokesh, Naidu did not expect the major ... Read More »

HTC Posts Seventh Consecutive Quarterly Loss

Taiwan’s HTC on Tuesday announced worse than expected fourth-quarter results and analysts said its much-hyped virtual reality products had failed significantly to boost the struggling smartphone maker. Revenue from October to December was down 13.62 percent year-on-year to TWD 22.2 billion ($720 million or roughly Rs. 4,820 crores). The net loss was TWD 3.1 billion, an improvement on the year-before ... Read More »

LG Books First Quarterly Loss in 6 Years on Worst Mobile Result

South Korea’s LG Electronics Inc on Wednesday reported its first quarterly operating loss in six years in October-December due to its worst mobile performance. Its fourth-quarter loss reached KRW 35 billion ($30.06 million or roughly Rs. 204 crores), in line with its guidance earlier this month, said LG Electronics, the world’s second-largest television maker behind Samsung Electronics Co Ltd. That ... Read More »

BlackBerry Posts Another Quarterly Loss as Revenue Slides

BlackBerry posted another loss and a 47.3 percent fall in third-quarter revenue on Tuesday as the software growth it is relying on failed to make up for shrinking handset sales and lost service fees. The Waterloo, Ontario-based company said it had a net loss of $117 million (roughly Rs 796 crores), or 22 cents a share, on revenue of $289 ... Read More »

BlackBerry reports internet Loss on Restructuring expenses, Write-Downs

BlackBerry, the Canadian mobile employer bought simply five lakh telephones globally within the first economic quarter – down from six lakh within the previous sector – reporting a $670 million loss which is its biggest loss in over years. although much of the loss was right down to restructuring prices, sales additionally fell to $400 million, down 39 percent on ... Read More »

Lenovo Posts First Annual Loss in 6 Years on M&A fees

China’s Lenovo organization Ltd on Thursday reported its first loss in six years, with profits pulled down by means of acquisition and restructuring fees as well as vulnerable sales of smartphones and private computers (desktops). the arena’s biggest laptop maker booked a net loss of $128 million (roughly Rs. 859 crores) for the enterprise year ended March, from $829 million ... Read More »

IL&FS Engineering Q3 Net Loss at Rs 79 Crore

New Delhi: IL&FS Engineering and Construction company on Saturday reported a net loss of Rs 78.57 crore for the quarter ended December 31, on account of dip in income. The company had clocked a net profit of Rs 76.52 crore for the October-December period last fiscal. Total income from operations during the quarter under review declined to Rs 437.42 crore ... Read More »

Godawari Power & Ispat Reports Rs 40-Crore Net Loss for December Quarter

New Delhi: Godawari Power and Ispat Ltd on Saturday reported a net loss of Rs 39.89 crore for the quarter ended December 2015. The company had posted a net profit of Rs 7 crore in the year-ago period, it said in a BSE filing. The firm’s total income from operations reduced to Rs 438.56 crore, from Rs 564.44 crore in ... Read More »

PSU Banks Book Highest Ever Loss as Bad Loans Mount

New Delhi: Hit hard by mounting non-performing assets (NPAs) or bad loans, many leading public sector banks, including Bank of Baroda, Bank of India and IDBI Bank, reported their highest ever quarterly losses aggregating to over Rs. 12,000 crore, while others like State Bank of India (SBI) and Punjab National Bank (PNB) witnessed sharp erosion in profits. Bank of Baroda ... Read More »

Ramky Infra Q3 Loss Narrows to Rs 12 Crore

New Delhi: Ramky Infrastructure’s net loss has narrowed down substantially to Rs 12.35 crore in the quarter ended December 31, 2015, due to a high income and a low finance cost. The company had posted a net loss of Rs 133.09 crore for the corresponding period year ago. Its total income rose to Rs 349.49 crore in third quarter from Rs 304.56 crore in the ... Read More »