Kingfisher shares down over 3% after Q3 results - Economic Times

MUMBAI: Shares of Kingfisher Airlines today fell by over 3 per cent after the company reported 70 per cent drop in net loss for third quarter ended December 31, 2012. After falling 6.7 per cent in intra-day trade, the debt-ridden company's scrip finally ended at Rs 12.24, down 2.39 per cent on the BSE. At NSE, the stock ended 3.19 per cent lower at Rs 12.15. For the third quarter ended December 31, 2012, Kingfisher today reported a net loss of Rs 755.17 crore -- a sharp increase of 70 per cent from Rs 444.26 crore loss in the year-ago quarter. The grounded airline did not report any revenue for the quarter, as against Rs 1,367.71 crore in the third quarter of previous fiscal. Kingfisher Airlines, part of liquor baron Vijay Mallya-led UB Group, had last posted a quarterly profit in October-December period of 2006 (Rs 9.6 crore), while it has never posted a profit on full-year basis. In the broader market, the Sensex today ended at 19,659.82, down 91.37 points. Download ET's mobile applications for iPad, iPhone, Android, BlackBerry, Nokia and Windows Phone to track news as it happens, live stock quotes, monitor portfolio, get market stats like gainers, losers and movers & much more. To check out free Economic Times apps , Click here After falling 6.7 per cent in intra-day trade, the debt-ridden company's scrip finally ended at Rs 12.24, down 2.39 per cent. via Business - Google News

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