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    HomeNewsBusinessEarningsSKS Microfinance swings to loss in Q4

    SKS Microfinance swings to loss in Q4

    SKS Microfinance said it swung to a net loss in its fiscal fourth quarter late on Friday, hours after its shares tumbled by the maximum daily limit of 20% to an all-time low following a share price target cut by JPMorgan.

    May 06, 2011 / 21:05 IST
       
       
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      SKS Microfinance said it swung to a net loss in its fiscal fourth quarter late on Friday, hours after its shares tumbled by the maximum daily limit of 20% to an all-time low following a share price target cut by JPMorgan.


      SKS, India's largest and only listed microfinance company, reported a net loss of Rs 697.7 million, compared with a profit of Rs 628.9 million a year earlier.

      The company reported sales of Rs 1.88 billion for the quarter, down from Rs 3 billion a year earlier.

      first published: May 6, 2011 08:05 pm

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