EID Parry Q3 net loss at Rs 37.2 cr

Our Bureau Chennai | Updated on January 30, 2011

E.I.D. Parry reported a net loss of Rs 37.2 crore on a turnover of Rs 252.35 crore for the quarter ended December 31, 2010.

During the corresponding period in the previous year the company reported a net profit of Rs 34.05 crore on a turnover of Rs 351.66 crore.

Value of shares

Effective December 24, 2010, the company has subdivided the nominal value of equity shares to Re 1 a share from Rs 2 earlier.

Management rejig

According to a press release from the company, Mr K. Raghunandan, Managing Director, will take up a new assignment within the group from Saturday.

Mr Ravindra S. Singhvi takes over as Additional Director and Managing Director of the company for a period of five years effective January 29, 2011.

The company's shares closed at Rs 231.75 against the previous close of Rs 225.15 on the NSE.

Published on January 30, 2011

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