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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.
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