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Videocon Industries’ FY11 consolidated net loss widens at Rs 1358.03 crore

28 May 2012 Evaluate

Global conglomerate, Videocon Industries has reported audited consolidated results for the year ended December 31, 2011.

The Group has posted a net Loss after taxes, minority interest, share of profit/ (loss) of associates and profit/(loss) on disposal/dilution of subsidiaries/associates of Rs 1358.03 crore for the year ended December 31, 2011 as compared to the net loss of Rs 279.87 crore in the previous year ended December 31, 2010. Group’s total consolidated income for the year ended December 31, 2011 stood at Rs 13552.83 crore as compared to Rs 14919.36 crore in the previous fiscal ended on December 31, 2010.

Videocon Industries, established two decades ago, is a global conglomerate with market capitalization of $2.5 billion. Videocon’s businesses’ consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

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