GTL Infrastructure has reported a 27.57 per cent increase in net loss from Rs 8.74 billion for the quarter ended December 2013 to Rs 11.15 billion for the corresponding quarter in 2014. The revenues increased marginally by 4.14 per cent from Rs 14.06 billion in October-December 2013 to Rs 15 billion in October-December 2014.
Losses grew mainly on account of 4.63 per cent increase in expenditure from Rs 13.73 billion for the quarter ended December 2013 to Rs 14.37 billion for the corresponding quarter in 2014. The interest and finance cost also rose from Rs 9.63 billion to Rs 9.93 billion during the same period.
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