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Article: Firms slipping in red outnumber cos returning to profit in Q4.(Financial report)
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 22, 2007
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Firms slipping in red outnumber cos returning to profit in Q4
New Delhi, May 22 (PTI) While the current earnings season has brought good fortune for a large number of firms by way of their return to profitability, a larger number went into the reverse gear and plunged into the red in the latest quarter.
A total of 112 companies have posted turnaround results for the January-March quarter, marking their return to profit from a net loss in the previous quarter. This includes 25 firms having been in the red for four consecutive quarters.
However, as many as 170 companies have reported net losses for the same quarter, as against their net profit ...