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PFS reports Q4 net loss of Rs 110 cr

Press Trust of India  |  New Delhi 

(PFS)has reported a standalone net loss of Rs 110.43 crore for the fourth quarter ended March.

The company's net profit in the corresponding quarter of previous fiscal stood at Rs 109.76 crore.

Total income from operations during January-March period of the 2017-18 declined to Rs 290.52 crore as against Rs 431.64 crore a year ago, it said in a statement.

For the full year, net profit was down at Rs 24.7 crore compared to Rs 345.33 crore in 2016-17.

Total income of operations during the fiscal was at Rs 1,190.25 crore as against Rs 1,351.88 crore in 201617.

Board of directors of the company has recommended a dividend of Rs 0.20 per share for 2017-18.

The company's main business is to provide for through investment and lending into such projects.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 13 2018. 17:55 IST