Rochester, NY 9/3/2009 12:41:09 AM
India Globalization Capital Inc. IGC, Files 10-Q for the Quarter Ended
India Globalization Capital Inc.
For the quarter ended June 30, 2009, IGC reported revenue of approximately $2.7 million versus approximately $17.9 million for the three months ended June 30, 2008.
For the quarter ended June 30, 2009, non-GAAP income before taxes, and non-cash expenses associated with options and warrants was about $28 thousand.
For the quarter ended June 30, 2009, IGC reported a GAAPnclude f non-cash a net loss of $535 thousand, compared to a GAAP profit of about $1.3 million for the Quarter Ended June 30, 2008. The Company reported a GAAP loss of $0.05 (five cents) per basic share for the June 30, 2009 quarter compared to a GAAP profit of $0.15 (fifteen cents) per basic share for the June 30, 2008 quarter. The losses reported in the June 30, 2009 quarter include around $4sand of non-cash and one-time
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Last Trade: 1.2199
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Change: Down 0.0001 (0.01%)
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Open: 1.18
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Volume: 22,500
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Market Cap: 12.41M
About India Globalization Capital, Inc.
India Globalization Capital, Inc. (IGC) is a construction and materials company engaged in business areas, which include civil construction of roads and highways, the construction and maintenance of high temperature cement and steel plants, operations and supply of rock aggregate and the export of iron ore to China. On March 7, 2008, the Company consummated the acquisition of 63% of the equity of Sricon Infrastructure Private Limited (Sricon) and 77% of the equity of Techni Bharathi Limited (TBL). Its subsidiaries include India Globalization Capital, Mauritius, Limited, Sricon Infrastructure Private Limited (Sricon), Techni Bharathi Limited (TBL) and IGC India Mining and Trading, Limited (IGC-IMT).
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