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Moser Baer Loss Deepens

Moser Baer India Ltd announced audited financial results for its year ended March 31, 2010.

According to the statement, the company posted a net loss of Rs 362.10 million (USD $7.75 million) for the year ended March 31, 2010 as compared to net loss of Rs 1508.80 million (USD $32.28 million) for the year ended March 31, 2009. Total Income has decreased from Rs 23249.10 million (USD $497.41 million) for the year ended March 31, 2009 to Rs 22871.80 million (USD $489.34 million) for the year ended March 31, 2010.

The group posted a consolidated net loss of Rs 3939.40 million (USD $84.28 million) for the year ended March 31, 2010 as compared to net loss of Rs 3637.50 million (USD $77.82 million) for the year ended March 31, 2009. Total Income has increased from Rs 26938.50 million (USD $576.35) for the year ended March 31, 2009 to Rs 27602.40 million (USD $590.55) for the year ended March 31, 2010.

For more information visit: www.moserbaer.com

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