Nicco Corp. Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 18.6 million, loss from operations before other income, finance costs and exceptional items of INR 36.0 million, loss from ordinary activities before tax of INR 122.3 million and net loss of INR 122.3 million or INR 0.91 per diluted share (after extraordinary items) compared to net sales of INR 147.5 million, loss from operations before other income, finance costs and exceptional items of INR 72.8 million, loss from ordinary activities before tax of INR 178.5 million and net loss of INR 178.5 million or INR 0.83 per diluted share (after extraordinary items) reported in the same period last year.

For the nine months, the company reported net sales of INR 55.7 million, loss from operations before other income, finance costs and exceptional items of INR 110.1 million, loss from ordinary activities before tax of INR 386.0 million and net loss of INR 386.0 million or INR 2.88 per diluted share (after extraordinary items) compared to net sales of INR 880.9 million, loss from operations before other income, finance costs and exceptional items of INR 111.8 million, loss from ordinary activities before tax of INR 306.4 million and net loss of INR 306.4 million or INR 3.11 per diluted share (after extraordinary items) reported in the same period last year.