• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Ahmedabad, Feb. 2 Raymond Ltd slipped into the red with a net loss of Rs 15.20 crore in its third quarter ended December 31against a net profit of Rs 9.36 crore in the corresponding period the previous year.

The net sales for the third quarter increased by 6.6 per cent to Rs 354 crore compared with Rs 332 crore of the same period the previous year.

The standalone profit was affected due to the foreign exchange losses of Rs 33 crore, according to a company statement.

While the Indian denim operations continue to be EBITDA positive running in full capacity, the loss making Belgium and US operations of the denim joint venture were closed down in December 2008. The process of liquidation of assets is in process.

More Stories on : Financial Performance | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line