NELCO announced that the loss for the quarter ended December 2008 has
widened.

During the quarter, the loss of the company rose to Rs 83.30 million
compared with a loss of Rs 20.20 million in the same quarter last year.

Net sales declined 28.62% to Rs 319 million, while total income for the
quarter fell 28.77% to Rs 319.20 million, when compared with the prior year
period.

The company posted loss of Rs 3.65 a share during the quarter compared with
loss of Rs 0.89 a share in prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 319.20 447.20 (28.62) *Net Profit* (83.30)
(20.20) - *Basic
EPS* (3.65) (0.89) -

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