Vijay Mallya-controlled Kingfisher Airlines today reported a wider net loss of Rs 650 crore for the first quarter of this financial year compared with a loss of Rs 263.5 crore a year ago, emCNBC-TV18/em reported.
Income from operations of the troubled airline nose dived to Rs 301.4 crore from Rs 1907 crore a year ago.
On Friday the shares of the company, already trading below their book value, fell 11 percent to close at Rs 7.40, on fears that the company may book huge losses during the quarter, a emPTI/em a href=http://www.firstpost.com/investing/kingfisher-closes-at-record-low-on-big-quarterly-loss-concerns-414232.htmlreport/a said.
Intra-day, the scrip plunged 12.62 percent to a record low of Rs 7.27.
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