Asia
Apollo Pipes Swings to Consolidated Net Loss in Fiscal Q4
Apollo Pipes (NSE:APOLLOPIPE, BOM:531761) posted a consolidated net loss of 11.2 million Indian rupees in the fiscal fourth quarter, compared with a net profit of 940,000 rupees a year ago, according to an Indian bourse filing on Thursday.Loss per share for the quarter ended March 31 stood at 0.03 rupees, compared with earnings per share of 2.24 rupees a year earlier.The pipe manufacturer's revenue from operations rose year on year to 3.47 billion rupees from 3.15 billion rupees, the filing said.Apollo Pipes' board recommended a final dividend of 0.70 rupees per share for fiscal year ended March 31.Shares of the company fell over 3% in Friday's trade.
BOM:531761NSE:APOLLOPIPE
