Bayer CropScience Dips Below 5% Posts Quarterly Loss


Bayer CropScience on Thursday is down by 5.5% at Rs 4200 per share in the morning session at 09:29 hours IST on BSE. It hit a high of Rs 4300 and a low of Rs 4100 so far.

The company on Wednesday reported a net loss of Rs 36.1 crore for the quarter ended March 31, 2017, as against a net profit of Rs 19.4 crore for the same quarter in the previous year, as per BSE filing.

The board of directors at its meeting held on May 24, 2017, has recommended a dividend of Rs. 17.00 per share, subject to the approval of the shareholders.

Bayer CropScience Limited is engaged in the manufacturing of insecticides, rodenticides, fungicides and herbicides. The company operates through agri care segment.

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