Business Daily from THE HINDU group of publications
Sunday, Jul 16, 2006
Business Daily from THE HINDU group of publications Sunday, Jul 16, 2006 |
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Info-Tech
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Financial Performance Corporate Results - Hardware MosChip trims net loss in Q1 Our Bureau
Hyderabad , July 15 MosChip Semiconductor Technology Ltdhas suffered net loss once again during the first quarter of current fiscal ended June 30, 2006. On a total income of Rs 6.86 crore during the quarter on consolidated basis, the company suffered a net loss of Rs 70.59 lakh. In the corresponding quarter of previous fiscal, it incurred a net loss of Rs 1.15 crore on a turnover of Rs 6.2 crore. According to the Chairman and CEO, Mr K. Ramachandra Reddy, MosChip Semiconductor Technology, USA, a wholly-owned unlisted subsidiary of the company, has reported total revenue of $13.14 lakh (Rs 6.07 crore) and a net profit of $2.31 lakh (Rs 1.06 crore) for the quarter under review. However, on a consolidated basis, the company suffered a net loss for the quarter. At the end of March 2006, the company has accumulated losses of Rs 43.09 crore on an equity base of Rs 43.37 crore.
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