1. Amtek Auto net loss widens to Rs 320 crore in April-June

Amtek Auto net loss widens to Rs 320 crore in April-June

Auto components maker Amtek Auto reported a net loss of Rs 319.68 crore for the quarter ended on June 30, 2016, hit by decline in sales.

By: | New Delhi | Published: September 13, 2016 8:16 PM
The company had reported a net loss of Rs 157.6 crore during the same period of previous fiscal. (Website) The company had reported a net loss of Rs 157.6 crore during the same period of previous fiscal. (Website)

Auto components maker Amtek Auto today reported a net loss of Rs 319.68 crore for the quarter ended on June 30, 2016, hit by decline in sales.

The company had reported a net loss of Rs 157.6 crore during the same period of previous fiscal.

Net sales of the company also declined to Rs 539.83 crore for the June quarter as against Rs 854.22 crore in the same period of previous fiscal, Amtek Auto said in a regulatory filing.

In a separate filing, the company said its board has approved the re-appointment of John Ernest Flintham as Managing Director of the company for a further period of two years with effect from August 14.

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