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UMESL records consolidated revenue at Rs. 662.48 lakhs

India Blooms News Service | | Jun 03, 2014, at 11:21 pm

#UMESL records consolidated revenue at Rs. 662.48 lakhs # UMESL records consolidated revenue at Rs. 662.48 lakhs

Kolkata, Jun 3 (IBNS): Usha Martin Education & Solutions Limited (UMESL) on Tuesday reported Rs. 662.48 lakhs as consolidated revenue for the financial year ended Mar 31, 2014 and Rs. 564.24 lakhs as revenue on a standalone basis.

The UMESL board met on May 28 last to consider the audited financial results for the financial year ended Mar 31, 2014.

The standalone loss after tax for the year ended Mar 31, 2014 was at Rs. 55.56 lakhs although the consolidated loss after tax for the same period stood at Rs. 23.55 lakhs.

UMESL noted that continuous efforts are being made by the Company to improve its operational performance.

According to the officials, measures are being taken to optimise the operation and performance at all level, keeping into account the effect of regulatory bindings as well as the lower number of student intake in actual than was anticipated initially.

During the financial year, the company successfully trained and provided placement assistance to over 50 percent of the students enrolled in its various centres, the officials noted.

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