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Wire and Wireless reduces its net loss for Q4

20 May 2011 Evaluate

Wire and Wireless (India) has reported results for the quarter and the year ended March 31, 2011

The company has registered loss of Rs 7.69 crore for the fourth quarter as compared to a net loss of Rs 51.20 crore for the same quarter last year. Its net sales/income from operation has increased by 32.32% at Rs 64.23 crore for the quarter under review from Rs 48.54 crore in the corresponding previous quarter.

The company has reported a net loss of Rs 56.71 crore for FY11 as compared to a net loss of Rs 173.81 crore for the previous year. Its net sales/income from operation has increased by 12.32% at Rs 217.76 crore for the year from Rs 193.87 crore in previous year.

On consolidated basis, the company has reported a net loss of Rs 65.91 crore for the year under review as compared to net loss of Rs 175.61 crore for the last year. Net sales/income from operation for the year has increased by 12.21% at 305.95 crore as compared to Rs 272.65 crore for the previous year.

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