Global Offshore Services reports standalone net loss of Rs 4.63 crore in the March 2017 quarter

Sales decline 43.22% to Rs 21.99 crore

Net loss of Global Offshore Services reported to Rs 4.63 crore in the quarter ended March 2017 as against net profit of Rs 6.78 crore during the previous quarter ended March 2016. Sales declined 43.22% to Rs 21.99 crore in the quarter ended March 2017 as against Rs 38.73 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 9.44 crore in the year ended March 2017 as against net profit of Rs 30.01 crore during the previous year ended March 2016. Sales declined 37.92% to Rs 98.47 crore in the year ended March 2017 as against Rs 158.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales21.9938.73 -43 98.47158.61 -38 OPM %26.7843.30 -32.6744.42 - PBDT1.0312.38 -92 13.3852.61 -75 PBT-4.586.72 PL -9.2130.22 PL NP-4.636.78 PL -9.4430.01 PL

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