CA NeWs Beta*: Kingfisher's financial results against accepted accounting standards: Auditors

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Wednesday, February 12, 2014

Kingfisher's financial results against accepted accounting standards: Auditors

http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfishers-financial-results-against-accepted-accounting-standards-auditors/articleshow/30275272.cms
MUMBAI: Auditors of grounded Kingfisher AirlinesBSE 0.00 % today said the company's financial results for the quarter ended December 31, 2013, are not in accordance with the "generally accepted accounting standards".

Kingfisher Airlines reported a net loss of Rs 822.42 crore for the third quarter ended December 31, 2013.

The airline which has not flown for more than a year, had reported a loss of Rs 755.17 crore a year earlier.

With planes remaining on the ground, th ..

MUMBAI: Auditors of grounded Kingfisher AirlinesBSE 0.00 % today said the company's financial results for the quarter ended December 31, 2013, are not in accordance with the "generally accepted accounting standards".

Kingfisher Airlines reported a net loss of Rs 822.42 crore for the third quarter ended December 31, 2013.

The airline which has not flown for more than a year, had reported a loss of Rs 755.17 crore a year earlier.

With planes remaining on the ground, th ..

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