Aishwarya Technologies and Telecom reports a decline of 20.15 percent in revenues for the quarter ended June 2014

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Aishwarya Technologies and Telecom reports a decline of 20.15 percent in revenues for the quarter ended June 2014

August 20, 2014

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Aishwarya Technologies and Telecom Limited has reported a loss of Rs 0.15 million for the quarter ended June 2014, as compared to a profit of Rs 1.35 million for the quarter ended June 2013. The company’s total revenues from operations also declined by 20.15 per cent from Rs 67.79 million in April-June 2013 to Rs 54.13 million in April-June 2014. The total expenses for the company also experienced a decline of 17.54 per cent from Rs 63.90 million to Rs 52.69 million.

The net loss for the company can be attributed to the reduction of other income from Rs 1.54 million to Rs 0.01 million in the same time period.