CMC reports quarterly loss

By agencies   |   Tuesday, 18 July 2006, 07:00 Hrs
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MUMBAI: CMC Ltd has reported its quarterly results for June showing a decline in overall net profit by 2.47 percent. An IT solutions provider, the loss has been recorded to an estimate of $3.39 million for the quarter ended June 30 as compared to $3.48 million.

The company has nevertheless notified the Bombay Stock Exchange that the total income however witnessed a rise of 13.61 percent from $46.36 million last year to $52.72 million for the first quarter in 2006-07 the company informed the Bombay Stock Exchange.

The consolidated profit and total income saw a rise after tax with $3.67 million for the first quarter in the year 2006-07 as against $3.62 million and to $57.27 million for first quarter during 2006-07 from $48.86 million.

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