Wockhardt posts Rs 565crore loss

Wockhardt posts Rs 565crore lossWockhardt Ltd. has declared its fourth quarter financial results for the fiscal year 2009-10. The company has posted a loss of Rs 565.2 crore for the fourth quarter.

The net loss of the firm was reported to be Rs 10.2 crore for the fourth quarter last year. So in this year also the company is not able to register a profit.

From January 2009 to the year that ended in 31st March, 2010, the company has recorded a net loss of Rs 1,000.8 crore. It has a net loss of Rs 138.9 crore from January 2008 to December 2009. This has been informed by the firm in a filing at the Bombay Stock Exchange.

During this 15-month period from January 2009 to March 2010 the company has posted revenue of Rs 4,501 crore. The operating profit (Earning before Interest Depreciation Tax and Amortization) has been reported to be Rs 823 crore.

The company has huge derivatives-related losses this season. The sales revenue of the company is Rs 872 crore and operating profit is Rs 158 crore for the quarter under review.