Ellenbarrie Industrial Gases sees loss widen in Q2


Kolkata-based cryogenics and industrial gases manufacturer Ellenbarrie Industrial Gases Limited has recorded an 86% increase in net loss for its fiscal second quarter ended 30th September (2015).

However, during the same quarter, the company’s total sales increased 13.8% to Rs 249m ($3.7m), against Rs 218.8m ($3.2m) posted during the prior year’s second quarter.

Total expense during the period also increased to Rs 250.7m, registering an increase of Rs 39.1m ($587,000) or 18%, compared to Rs 211.6m ($3.1m) incurred during the same quarter last year.

Though the company’s overall income from sales increased to Rs 493.4m ($7.4m) during the first half of the year from April to September 2015, its net loss increased further to Rs 66.2m ($990,000) in this period, compared to Rs 25.8m posted during the previous year’s first half.

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