*Spicejet* swung to loss for the quarter ended December 2008, due to low operating margins and high interest cost.
During the quarter, the company reported loss of Rs 179.64 million compared with a profit of Rs 93.37 million in the same quarter last year. Net sales for the quarter rose 15.63% to Rs 4,723.52 million, while total income for the quarter rose 20.56% to Rs 5,280.11 million, when compared with the prior year period. The company reported loss of Rs 0.71 a share during the quarter compared with earnings of Rs 0.39 a share in previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 4,723.52 4,085.10 15.63 *Net Profit* (179.64) 93.37 - *Basic EPS* (0.71) 0.39 - During the quarter, the interest cost increased 16.25 times to Rs 70.86 million while depreciation cost fell 9.90% to Rs 18.11 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
