Overseas Realty Ltd., the owners of the World Trade Centre (Echelon Towers) has posted a massive Rs. 971.3 million loss in the financial year ended June 30, 1998, up from a loss of Rs, 606.6 million a year earlier, according to a provisional unaudited financial statement now with shareholders.

Although the company made an operating of Rs. 147.7 million, up from Rs. 109.2 million a year earlier, interest charges of Rs. 402.3 million and an exchange loss of Rs. 723 million dragged the company deep into the red.

Overseas Realty, which took a heavy blow by the explosion in the Galadari Hotel car park last October, now carries retained losses of nearly Rs. 1.7 billion in its books.

The company has an ordinary share capital of Rs. 300 million, 2.5% redeemable preference shares worth Rs. 4.8 billion.