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Frontline Corporation reports net loss of Rs 2.70 crore in Q3

13 Mar 2012 Evaluate

Frontline Corporation has reported results for third quarter ended December 31, 2011.

Frontline Corporation has reported a net loss of Rs 2.70 crore for the quarter ended December 31, 2011, against net profit of Rs 0.29 crore for the corresponding period last fiscal.  Total income decreased by 15.81% at Rs 14.00 crore during the quarter under review from Rs 16.63 crore in the same quarter of 2010.

Frontline Corporation (FCL) established in 1989, is the flagship company of well-known Agarwal Group. With unrelenting perseverance and far reaching vision, the initial ventures into coal trading led to financing blossomed fast. Under the dynamic and principled leadership, the company flourished and what started out as a small venture soon spread to all parts of West Bengal and Bihar. By the end of the 50’s the company emerged as one of the few respected and leading coal trading companies in eastern India. 

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