HMT H1 net loss widens to Rs30.90 cr

HMT H1 net loss widens to Rs30.90 cr

Mumbai: Government-run company HMT Ltd on Monday reported a net loss of Rs30.90 crore for the half year ended 30 September.

The same was at Rs28.50 crore in the year ago period.

The company’s net sales stood at Rs86.50 crore for the six-month period ended 30 September, 2009, against Rs78.30 crore during the corresponding period a year ago, HMT said in a filing to the Bombay Stock Exchange (BSE).

The diversified firm, in which the government holds a 98.88% stake, has presence in the business of watches, tractors, printing machinery and metal forming presses among others.

Shares of HMT were trading at Rs64.75, up 1.97% in late afternoon trade on the BSE.