United Breweries Q2 net loss at Rs 19 cr

Written by PTI | New Delhi | Updated: Nov 8 2013, 03:39am hrs
United BreweriUnited Breweries reported a net loss of Rs 18.57 crore for the second quarter (AP)
United Breweries today reported a net loss of Rs 18.57 crore for the second quarter ended September 30, 2013.

The company had posted a net profit of Rs 34.20 crore during the same period of previous fiscal.

Net sales of the company declined to Rs 752.20 crore during the second quarter, as against Rs 781.14 crore in the same period of previous fiscal, United Breweries Ltd said in a filing to the BSE.

"The volumes for this second quarter have been under pressure also as a result of the extended and heavy rains experienced during this year's monsoon season," it added.

Shares of United Breweries today closed at Rs 821.50 on the BSE, down 5.26 per cent from previous close.