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EID Parry (India) Ltd has reported a net loss of Rs 25.41 crore on net sales of Rs 79.44 crore for the quarter ended June 30, 2007. During the corresponding period in the previous year, the company reported a net profit of Rs 108.30 crore on net sales of Rs 176.17 crore. The company has attributed the loss to the low prices of sugar in the domestic and international markets, and the appreciation of the rupee value making exports even less attractive. The sugar segment contributed to a loss of Rs 38.42 crore (profit: Rs 17.45 crore). High inventory and low realisation also contributed to a higher interest cost of Rs 0.45 crore. The performance of the bio-products division has improved, the release said. – Our Bureau

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