Telecom player,* Spice Mobiles* swung to loss for the quarter ended December 2008 on steep fall in operating margin coupled with rise in interest and depreciation cost. During the quarter, the company reported loss of Rs 35 million compared with a profit of Rs 66.90 million in the same quarter previous year.
Net sales for the quarter rose marginally 0.02% to Rs 1,210 million, while total income for the quarter fell marginally 0.27% to Rs 1,218.70 million, when compared with the prior year period. The company reported loss of Rs 0.47 a share during the quarter compared with earnings of Rs 0.90 a share in prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 1,210 1,209.70 0.02 *Net Profit* (35) 66.90 - *Basic EPS* (0.47) 0.90 - During the quarter, the operating margin of the company fell to negative of 2.61% compared with 7.03% in the previous year period. Interest cost increased 2.34 times to Rs 10.30 million while depreciation cost rose 88.89% to Rs 1.70 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
