Amtek reports Q1 net loss of USD19.9 million
Lower sales, higher finance cost force forging supplier in red for the third consecutive quarter
Amtek Auto has reported a net loss of INR1.32 billion (USD19.9 million, 31 December 2015) in the first quarter ended 31 December 2015, against a net profit of INR708.1 million (USD11.1 million, 31 December 2014) in the same period a year earlier, the Indian forging supplier said in a press release last week.
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