Gontermann Peipers reports net loss of Rs 7.40 crore in Q4

Gontermann Peipers has reported results for fourth quarter and year ended March 31, 2012.

On the standalone basis, The Company has reported net loss of Rs 7.40 crore for the quarter ended March 31, 2012, against net profit of Rs 1.39 crore for the corresponding period last fiscal.   Total income decreased by 23.92% at Rs 29.74 crore during the quarter under review from Rs 39.09 crore in the year-ago period.

The Company has reported net loss of Rs 19.44 crore for the year ended March 31, 2012, against net profit of Rs 0.90 crore in last fiscal.  Total income decreased by 18.58% at Rs 126.66 crore from Rs 155.56 crore in the year-ago period.