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January 15, 2008 |
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JCT ELECTRONICS: Books INR84.3-Mil. Loss in Qtr. Ended Sept. 30 JCT Electronics Ltd recorded a net loss of INR84.3 million in the three months ended Sept. 30, 2007, down 83% from the INR520.4-million loss incurred in the same quarter in 2006. Even with decreased revenues, the net loss narrowed because of the huge slide in interest charges. The company's total revenues decreased 6% to INR811.3 million in the July-Sept. 2007, from the INR864.1 million last year. Operating expenses also slightly decreased to INR863.4 million, bringing the company an operating loss of INR 52.1 million. Interest charges, however, took a plunge to INR8.7 million from the INR349.4 million in the July-Sept. 2006 quarter. A copy of the company's financial results for the quarter ended Sept. 30, 2007, is available for free at: http://ResearchArchives.com/t/s?2701 JCT Electronics Ltd. manufactures color picture and black & white tubes for television sets. The company also manufactures cathode ray tubes and gas discharge tubes. JCT Electronics incurred net losses for at least two consecutive years -- INR1.83 billion in FY2005-06 and INR1.73 billion in FY2006-07. The Troubled Company Reporter-Asia Pacific reported on Jan. 11, 2008, that JCT Electronics has a stockholder's equity deficit of INR50.17 million. |
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