GTL and GTL Infrastructure have widened their net losses for the second quarter ended September 30, 2013.
GTL?s consolidated net losses stood at Rs 1.81 billion during the quarter ended September 30, 2013 as compared to Rs 1.23 billion reported in the corresponding quarter of 2012. However, for the quarter under review the company?s revenues witnessed a growth of 2.4 per cent to reach Rs 6.3 billion.
Meanwhile, GTL Infrastructure?s net losses increased from Rs 780 million during the quarter-ended 2012 to Rs 820 million in the corresponding quarter this year. The company?s revenue for the quarter ended September 30, 2013 stood at Rs 1.44 billion witnessing a growth of 2.1 per cent over the corresponding quarter in 2012.
