Universal Prime Aluminium reports about 95.35% fall in profit in FY 2019

India based Universal Prime Aluminium which has been engaged in the manufacture and sale of aluminium collapsible tubes and metal containers has reported results for the quarter ended March 2019. The company was formerly known as Universal Cans and Containers Limited.

The company has been going through loss for two consecutive years. The company reported a net loss of INR 0.10 crore in the quarter ended March 2019 as against net loss of INR 0.06 crore during the March quarter 2018. The company reported no sales during the quarter ended March 2019 and also during the quarter ended March 2018.

For the full year, net profit declined 95.35% to INR 0.02 crore in the year ended March 2019 as against INR 0.43 crore during the financial year ended March 2018. No sales were reported in the year ended March 2019 and also during the last year ended March 2018.

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