Riga Sugar Company standalone net profit declines 76.62% in the March 2017 quarter

Sales decline 21.19% to Rs 61.62 crore

Net profit of Riga Sugar Company declined 76.62% to Rs 4.27 crore in the quarter ended March 2017 as against Rs 18.26 crore during the previous quarter ended March 2016. Sales declined 21.19% to Rs 61.62 crore in the quarter ended March 2017 as against Rs 78.19 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 4.84 crore in the year ended March 2017 as against net loss of Rs 2.29 crore during the previous year ended March 2016. Sales rose 1.36% to Rs 181.99 crore in the year ended March 2017 as against Rs 179.54 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales61.6278.19 -21 181.99179.54 1 OPM %14.3924.41 -7.076.94 - PBDT6.1816.95 -64 0.12-0.99 LP PBT4.9115.48 -68 -4.20-5.07 17 NP4.2718.26 -77 -4.84-2.29 -111

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