Simplex Projects slips 5% post dismal Q4 performance

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Moneycontrol BureauShare prices of Simplex Projects plunged 5 percent intraday Wednesday as it has posted poor numbers. The company's Q4 net loss has increased to Rs 33.5 crore against Rs 16.6 crore, in the same quarter last year.The EBITDA loss was at Rs 5.5 crore versus loss of Rs 1.1 crore.However, the total income of the company rose 33.65 percent at Rs 139 crore versus Rs 104 crore.The company has not recommended any dividend for the financial year ended March 31, 2016.At 10:08 hrs Simplex Projects was quoting at Rs 24.45, down Rs 0.60, or 2.40 percent on the BSE.Posted by Rakesh Patil