Debt-ridden Wockhardt posted a net loss of Rs 96.68 crore during the third quarter ended September, higher than the Rs 54.20 crore in the corresponding period of last year. Its consolidated net sales increased marginally by 1.9 per cent to Rs 940 crore from Rs 923 crore.
The company showed an exceptional items (loss) of Rs 202.04 crore during the quarter, including Rs 197.03 crore settlement of loan or disputed derivative liabilities.
The company, which restructured its debts a few months ago under the aegis of corporate debt restructuring (CDR) scheme, said its interest cost went up by 17.7 per cent to Rs 56.46 crore from Rs 47.98 crore in the third quarter. Its foreign exchange loss increased to Rs 21.12 crore from Rs 3.52 crore.
For the first nine months period ended September 2010, Wockhardt posted net loss of Rs 212.96 crore as against Rs 244.07 crore in the similar period of last year. Its net sales declined slightly to Rs 1,862 crore from Rs 1,877 crore.
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