Premium has decided to temporarily suspend its operations at its plant at Chinchwad, Pune, with effect from 30 May 2018, due to certain acts of indiscipline by the Union Committee and some of the workmen. This step has been taken as precaution to ensure the safety of company's assets and its employees.

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Net Loss of Premier reported to Rs 32.77 crore in the quarter ended March 2018 as against net loss of Rs 13.99 crore during the previous quarter ended March 2017. Sales declined 14.32% to Rs 8.14 crore in the quarter ended March 2018 as against Rs 9.50 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 123.99 crore in the year ended March 2018 as against net loss of Rs 108.66 crore during the previous year ended March 2017. Sales declined 48.34% to Rs 20.07 crore in the year ended March 2018 as against Rs 38.85 crore during the previous year ended March 2017.

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Premier will hold a meeting of the Board of Directors of the Company on 28 May 2018.

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Net Loss of Premier reported to Rs 31.87 crore in the quarter ended December 2017 as against net loss of Rs 29.28 crore during the previous quarter ended December 2016. Sales declined 77.60% to Rs 2.26 crore in the quarter ended December 2017 as against Rs 10.09 crore during the previous quarter ended December 2016.

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