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Suryajyoti Spinning Mills reported a net loss of Rs 2.19 crore for the quarter ended December 31, 2014 as against a net loss of Rs 2.39 crore in the corresponding quarter of last fiscal. Lower sales and high finance costs are attributed to the loss.
During the quarter, the company’s total income from operations was Rs 107.74 crore, down from Rs 123.45 crore in the year-ago period.
The company’s finance cost was Rs 11.77 crore during the period (Rs 9.50 crore).
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