Hindustan Organic Chemicals loss narrows in Apr-Jun quarter
Source: IRIS | 13 Aug, 2014, 04.02PM
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Hindustan Organic Chemicals said its net loss for the quarter ended June 2014 has narrowed to Rs 410.20. During the quarter, the in the same quarter last year. Net sales for the quarter declined 60.86% to Rs 244.60 million, compared with Rs 625.00 million for the prior year period. Hindustan Organic Chemicals (HOCL) was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs. In fact this was the first endeavor to indigenise manufacture of basic chemicals and to reduce country's dependence on import of vital organic chemicals. HOC started as small chemical unit, has acquired the status of a multiunit company with two fast growing units and one subsidiary unit.
| Quarterly Results - Standalone (Rs in mn) | | As at | Jun - 14 | Jun - 13 | %Change | | Net Sales | 244.60 | 625.00 | (60.86) | | Net Profit | (410.20) | (450.40) | - | | Basic EPS | NA | NA | | Shares of the company declined Rs 1, or 6.13%, to settle at Rs 15.30. The total volume of shares traded was 14,659 at the BSE (Wednesday).
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