Maral Overseas Limited Incurred Loss Of Rs 45 Crore Turnover Of Rs 319 Crores In 2007-08 Completed Expansion Programme

摘要

During the period under review, operations of the company continued to suffer adversely on account of multiple factors. The operations of the Garment Division at Sarovar unit were discontinued resulting into losses, coupled with the losses of the Jammu unit which was discontinued in the previous year. Further, the appreciation of the Rupee and higher prices of raw-material without corresponding increase in realisations affected the results of company significantly. During the year, the expansion programme of the company was fully completed and hence resulted in higher financial charges in the form of interest and capitalization in the form of depreciation which also impacted the results of the company.