Vivid Mercantile suffered Rs.3.05 Crore net loss in HY2 of FY2018-19.

Company : Veeram Securities Ltd

Ahmedabad based Vivid Mercantile Ltd reported standalone net loss of Rs.3.04 Crore in FY2018-19 whereas last year it was Rs.67.07 Lakh PAT.

As reported by Mr. Satish Gajjar, Managing Director of Vivid Mercantile Ltd, the company incurred Rs.3.06 Crore standalone loss before tax in the second half of FY2018-19. In FY2017-18, annual PBT was Rs.81.89 Lakh.

Reportedly, the company earned total Rs.11.36 Crore revenue in FY2018-19 while last year it was Rs.12.81 Crore.

Vivid Mercantile Ltd, formerly known as Veeram Infra Engineering Limited, is engaged in the business of printing, trading of general mercantile and real estate.

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