Net loss of Generic Engineering Construction & Projects reported to Rs 7.32 crore in the quarter ended June 2020 as against net profit of Rs 4.63 crore during the previous quarter ended June 2019. Sales declined 86.17% to Rs 8.95 crore in the quarter ended June 2020 as against Rs 64.71 crore during the previous quarter ended June 2019.

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Generic Engg. Constructn. & Projects will hold a meeting of the Board of Directors of the Company on 31 August 2020.

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Generic Engg. Constructn. & Projects announced that the Board of Directors of the Company at its meeting held on 29 July 2020, inter alia, have recommended the final dividend of Rs.0.05 per equity share (i.e.1%), subject to the approval of the shareholders.

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Net profit of Generic Engineering Construction & Projects declined 13.65% to Rs 3.86 crore in the quarter ended March 2020 as against Rs 4.47 crore during the previous quarter ended March 2019. Sales declined 10.70% to Rs 49.80 crore in the quarter ended March 2020 as against Rs 55.77 crore during the previous quarter ended March 2019.

For the full year,net profit declined 6.91% to Rs 14.54 crore in the year ended March 2020 as against Rs 15.62 crore during the previous year ended March 2019. Sales declined 0.82% to Rs 200.36 crore in the year ended March 2020 as against Rs 202.01 crore during the previous year ended March 2019.

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