22
Feb
15:41
'Rampant' raw materials hamper profitability at India's Goodluck
Goodluck India expects prices to stabilise from the first quarter of next fiscal year, helping its margins to improve after a tough third fiscal quarter through December 2016 (FQ3) for profitability.
Goodluck’s FQ3 net sales grew 18% on-year to INR 30,887.98 lakhs ($46.13 million). However, net profit dropped -66% to INR 152.06 lakhs due to the “…rampant unrelenting” prices of raw materials, which are hot rolled coil and zinc.
“…
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Anonymous
Very good overview of the weekly steel market.
Anonymous