Nov 09, 2012, 06.15 PM | Source: Moneycontrol.com
United Breweries Holdings has reported a net loss of Rs 17.2 crore in the second quarter of current financial year as against profit of Rs 66 lakh in a year ago period.
Net sales increased 11.4 percent to Rs 109.4 crore from Rs 98.2 crore during the same period.
The stock gained 3.34 percent to close at Rs 136.05 on the Bombay Stock Exchange despite disappointing numbers. The reason was that the UK-based Diageo and Vijay Mallya have entered into Rs 11,166 crore deal for stake sale United Spirits.