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Startek net loss widens to $7.6 million in Q4
March 16, 2021
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NYSE-listed Startek, which had merged its businesses with Indian BPO firm Aegis, has posted a net loss of $7.6 million in the fourth quarter ended December 31, 2020, compared with a net loss of $5.3 million in the year-ago quarter.
The net loss included a $13.2-million goodwill impairment from Covid-19 related forecasted decline in business in India, South Africa and Australia, and in Argentina owing primarily to the devaluation of the local currency.
During the reporting quarter, the firm’s adjusted net income rose 50 per cent to $8.8 million, compared to adjusted net income of $5.8 million in the year-ago quarter, while its net revenue rose to $174.5 million ($171.6 million in the year-ago quarter), the company said in a statement. ....

South Africa , Aparup Sengupta , Alpha Holdings Pte Ltd , Executive Chairman , Holdings Pte Ltd , Capital Square Partners , Css Corp , அப்பருப்பு செங்குப்தா , ஆல்பா ஹோல்டிங்ஸ் ட் லிமிடெட் , நிர்வாகி தலைவர் , ஹோல்டிங்ஸ் ட் லிமிடெட் , மூலதனம் சதுரம் கூட்டாளர்கள் , கிஸ் கார்ப் ,