Spice Mobility reports consolidated net loss of Rs 0.70 billion for the quarter ended March 2015

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Spice Mobility reports consolidated net loss of Rs 0.70 billion for the quarter ended March 2015

May 12, 2015

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Spice Mobility has posted consolidated net loss of Rs 706.9 million for the quarter ended March 2015 as against a net loss of Rs 0.18 billion during the previous quarter ended March 2014.

Further, the company’s sales grew by 0.98 per cent and stood at Rs 4.72 billion in the quarter ended March 2015 as against sales of Rs 4.68 billion reported in the corresponding quarter in 2014.

For the full year ended March 2015, Spice Mobility’s net loss stood at Rs 3.07 billion as against a net loss of Rs 0.28 billion for the 12-month period ended June 2014. The company’s sales declined by 24.80 per cent to Rs 15.87 billion for the year ended March 2015 from Rs 21.10 billion during the year ended June 2014.