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Tuesday, Jan 20, 2004

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Ramco Systems posts Rs 10-cr loss in Q3

Our Bureau

CHENNAI: Ramco Systems Ltd has reported an increased net loss of Rs 10.16 crore on revenues of Rs 14.31 crore for the quarter ended December 31, 2003 as against Rs 9.64 crore on revenues of Rs 18.37 crore for the corresponding quarter last year.

Total expenditure for the December 2003 quarter was Rs 18.03 crore (Rs 23.28 crore) and interest was Rs 3.55 crore (Rs 1.76 crore). For the year ended March 31, 2003, the company reported a net loss of Rs 27.31 crore on revenues of Rs 84.98 crore.

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