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Watchmaker, Timex Group India today reported a net loss of Rs 6.01 crore for the second quarter ended September 30, 2013.
The company had reported net loss of Rs 7 lakh during the same period last year, Timex said in a filing to the BSE.
Timex’s net sales during the quarter stood at Rs 37.14 crore, down 12.05 per cent compared with Rs 42.23 crore during the corresponding period in the previous year.
Overall expenses during the quarter were Rs 43.03 crore, up 2.52 per cent from Rs 41.97 crore in the same quarter last year.
Shares of Timex closed at Rs 10.17 at the end of the day’s trade, down 1.07 per cent from the previous close on BSE.
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