• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

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

Mumbai, Jan. 30 Dragged down by high raw material costs, Bombay Dyeing & Manufacturing Company incurred a net loss of Rs 37 crore for the quarter ended December 31, 2007.

The company had reported a net profit of Rs 7 crore in the corresponding period last year.

“Commercial production of PSF (polyester staple fibre), based on PTA (purified terephthalic acid) as feedstock, commenced from October 1, 2007, and hence, the results for the current period are not comparable with the previous period,” the company said in a BSE announcement.

Further, the performance of the PSF division during the period under review was adversely impacted by increase in the price of raw materials, which could not be passed on to the consumers on account of the oversupply situation in the PSF market, the company added.

Net sales for the quarter were up 2.73 per cent at Rs 292 crore against Rs 107 crore for the corresponding quarter a year ago.

More Stories on : Textiles

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

Stories in this Section
Pennar Q3 net up 33%

Copyright © 2008, 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