Asahi India: consolidated net loss for 3Q 2007

Autoglass manufacturer Asahi India Glass Ltd said 22 January 2008 that the group posted a consolidated net loss of INR 37.3 0 million for the quarter ended 31 December 2007 as compared to a net profit…

Autoglass manufacturer Asahi India Glass Ltd said 22 January 2008 that the group posted a consolidated net loss of INR 37.3 0 million for the quarter ended 31 December 2007 as compared to a net profit of INR 139.2 million for the corresponding period 2006. Total group revenue increased 35.53% to INR 2665.3 million for the 3Q 2007 against INR 1966.5 million for the same period a year ago, the company said in a filing to the Bombay Stock Exchange. The company“s standalone result reported a net loss of INR 31.5 million for the 3Q ended 31 December 2007 as compared to a net profit of INR 133.6 million for the corresponding period in 2006. Total company revenue grew 36.41% to INR 2655.2 million for the quarter ended 31 December 2007 against INR 1946.4 million for the same period 2006.