Global Offshore Services reports consolidated net loss of Rs 50.31 crore in Q1

Global Offshore Services has reported results for first quarter ended June 30, 2019.

The company has reported net loss at Rs 9.74 crore for the quarter under review as compared to net loss of Rs 26.98 crore for the same quarter in the previous year. Total income of the company has decreased by 11.49% to Rs 14.87 crore for Q1FY20 as compared to Rs 16.80 crore for the quarter ended June 30, 2019.  

On the consolidated basis, the company has reported a net loss at Rs 50.31 crore for the quarter under review as compared to net loss of Rs 61.85 crore for the same quarter in the previous year. Total income of the company decreased by 5.53% at Rs 31.46 crore for Q1FY20 as compared Rs 33.30 crore for the corresponding quarter previous year.