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CHENNAI: Ramco Systems Ltd has reported a reduced net loss of Rs 3.36 crore on an increased turnover of Rs 27.20 crore for the quarter ended December 31, 2004 against a net loss of Rs 10.16 crore on a turnover of Rs 14.31 crore for the corresponding quarter last year.

Total expenditure for the December 2004 quarter was Rs 25.60 crore (Rs 18.03 crore) and interest had reduced to Rs 2.33 crore (Rs 3.55 crore). For the year ended March 31, 2004, the company reported a net loss of Rs 33.26 crore on a turnover of Rs 82.30 crore.

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