ITI limited has reported a 15.2 per cent decline in its net losses from Rs 1.01 billion for the quarter ended December 2013 to Rs 855.5 million for the quarter ended December 2014. Meanwhile, the company reported a 3.8 per cent increase in its total income from operations, which grew from Rs 1.54 billion to Rs 1.6 billion, during the same period.
The company was able to reduce total expenses by 2.5 per cent, from Rs 2.27 billion in December 2013 to Rs 2.14 billion in December 2014. Further, its losses before interest, taxes, depreciation and amortisation also declined from Rs 727.2 million to Rs 543.5 million, also during the same period.
