Environmental Resources Investment PLC recorded a Rs.17 million net loss for the six months ended 30 September 2009 which according to the company’s provisional financial statements, is 117% more than the Rs.7.8 million loss for the same period in 2008.
Contributing to the higher net loss for the period were expenses for the Rights Issue.
According to the company, an Extraordinary expense of Rs.19.8 million was incurred during the quarter ended 30 September 2009 as Stamp Duty for the 1:3 Rights Issue.
The company’s other income increased by 730% for the six months ended 30 September 2009 to Rs.10 million from 2008 although administrative expenses increased by 30% to Rs.7.4 million. |
E-mail