7Seas Technologies posts Rs 1.35 net loss in Q3

Net income from operations fell 62% to Rs 1.7 cr ve Rs 4.43 cr

Hyderabad-based 7Seas Technologies Limited, an independent game development company, reported Rs 1.35 crore net loss in the third quarter ended December 31, 2012. The company has reported Rs 87.51 lakh net profit in the same quarter last year.

Net income from operations fell 61.63% to Rs 1.7 crore as against Rs 4.43 crore in the corresponding quarter last year. The total expense of the company decreased 33.33% to Rs 2.04 crore as against Rs 3 crore in the third quarter last year, the company said in a filing to the Bombay Stock Exchange (BSE).

The company's scrip is currently trading at Rs 14.65 on BSE, up 2.98% over the previous close of Rs 15.10.