MCFL Q1 net loss narrows to Rs 4.64 cr

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Mangalore Chemicals and Fertilisers Ltd (MCFL) on August 12 reported narrowing of its net loss to Rs 4.64 crore for the quarter ended June 30, 2019. It had posted a net loss of Rs 391.27 crore in the year-ago period.

Total income rose to Rs 746.10 crore during April-June period of 2019-20 fiscal from Rs 673.31 crore in the corresponding period of previous year, the company said in a regulatory filing.

MCFL also announced appointment of Shashi Kant Sharma as an additional director in the category of independent directors for a period of three years, with effect from August 12, 2019.

Sharma, a retired IAS (1976 batch), served as the Comptroller and Auditor General (CAG) of India from May 23, 2013 to September 24, 2017.