Magnum Limited announced audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, on consolidated basis the company reported loss from operations before other income, finance cost and exceptional items was INR 0.27 million compared to INR 51.5 million a year ago. Loss from ordinary activities before tax was INR 0.27 million compared to INR 51.5 million a year ago. Net loss for the period was INR 0.249 million or INR 0.04 per basic and diluted share compared to INR 51.6 million or INR 8.13 per basic and diluted share a year ago. For the year, on consolidated basis the company has posted loss from operations before other income, finance cost and exceptional items was INR 0.712 million compared to INR 52.1 million a year ago. Loss from ordinary activities before tax was INR 0.712 million compared to INR 52.1 million a year ago. Net loss for the period was INR 0.70 million or INR 0.11 per basic and diluted share compared to INR 52.1 million or INR 8.22 per basic and diluted share a year ago. For the quarter, on standalone basis the company reported loss from operations before other income, finance cost and exceptional items was INR 0.154 million compared to INR 51.5 million a year ago. Loss from ordinary activities before tax was INR 0.154 million compared to INR 51.5 million a year ago. Net loss for the period was INR 0.158 million or INR 0.02 per basic and diluted share compared to INR 51.61 million or INR 8.13 per basic and diluted share a year ago. For the year, on standalone basis the company has posted loss from operations before other income, finance cost and exceptional items was INR 0.59 million compared to INR 52.0 million a year ago. Loss from ordinary activities before tax was INR 0.59 million compared to INR 52.0 million a year ago. Net loss for the period was INR 0.610 million or INR 0.10 per basic and diluted share compared to INR 52.0 million or INR 8.20 per basic and diluted share a year ago.