ITI reports an increase in losses for the quarter ended September 2014

ITI Limited has reported a loss of Rs 1.10 billion for the quarter ended September 2014, as against a loss of Rs 0.99 billion for the quarter ended September 2013. The revenues experienced a decline from Rs 1.58 billion in July-September 2013 to Rs 1.24 billion in July-September 2014.

The losses for ITI before other income, interest and exceptional items increased from Rs 759.9 million for the quarter ended September 2013 to Rs 822.5 million for the corresponding quarter in 2014.