Nicco Corp. Ltd. reported audited standalone earnings results for the second quarter and half year ended September 30, 2015. For the quarter, the company reported net sales/income from operations of INR 20.0 million compared to INR 379.2 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 26.9 million compared to INR 10.9 million a year ago. Loss from ordinary activities before tax was INR 102.2 million compared to INR 107.4 million a year ago. Net loss for the period was INR 102.2 million or INR 0.80 per basic and diluted share before and after extraordinary items compared to INR 107.4 million or INR 0.83 per basic and diluted share before and after extraordinary items a year ago.

For the half year, the company reported net sales/income from operations of INR 37.1 million compared to INR 733.4 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 74.1 million compared to INR 39.0 million a year ago. Loss from ordinary activities before tax was INR 263.7 million compared to INR 127.9 million a year ago. Net loss for the period was INR 263.7 million or INR 2.04 per diluted share before and after extraordinary items compared to INR 127.9 million or INR 1.73 per diluted share before and after extraordinary items a year ago.