16 Jul 2019 | 4:45 PM

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COMPANYNEWS
Asian Oilfield Services posts Q4 net loss of Rs 14.59 cr
  Asian Oilfield Services Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-30-2018
The company reported standalone net loss during the quarter stood at Rs 14.59 crore compared to net profit of Rs 5.26 crore in the previous year quarter. 


Net revenue of the company rose substantially by 74.11 per cent at Rs 51.85 crore in January-March quarter of this fiscal as against Rs 29.78 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 132.45 per cent to Rs 55.09 crore from Rs 23.70 crore in year ago period.


Other Income grew by 2.73 per cent at Rs 1.88 crore versus (Mar'17 Rs 1.83 crore).


Operating Profit slipped by 153.29 per cent to Rs -3.24 crore as against Rs 6.08 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 130.57 per cent in March quarter.


Interest grew by 139.36 per cent y-o-y to Rs 2.25 crore