09
Jun
01:00
Bhushan Steel ends traumatic fiscal year with a heavy loss
India’s Bhushan Steel has ended a 2014-2015 traumatic financial year by posting yet another set of heavy losses both for the final quarter and for the full FY.
The company posted a net loss of INR 12538.30 million ($196.1m) for the year ended 31 March 2015 as compared to net profit of Rs. 619.60m for its previous fiscal year. Sales were not the problem, Kallanish observes. Net income from operations rose by 17.3% year-on-year to INR 106457.8m. The fina…
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Very good overview of the weekly steel market.
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