Tuesday, January 31, 2012

Slowdown in business to continue for another quarter: Blue Star


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Slowdown in business to continue for another quarter: Blue Star

Air conditioner manufacturer, Blue Star, reported a net loss of Rs 32.76 crore for the quarter ended December 31, 2011, owing to increase in input costs and forex losses. Satish Jamdar, MD of Blue Star said that borrowings have come down by more than Rs 150 crore in the third quarter.

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