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Results: National Fertilizers Q4 loss at Rs 10 crore

Results: National Fertilizers Q4 loss at Rs 10 crore
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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Campbell Soup lowers annual profit forecast as costs rise


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(Reuters) -Campbell Soup Co on Wednesday slashed its forecast for annual earnings after the company’s quarterly results fell short of estimates, hurt by higher costs related to raw materials and transportation.
FILE PHOTO: Cans of Campbell s Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid/File Photo
The canned soupmaker’s shares fell about 6% to $46.30.
Campbell, known for Swanson broth, Prego pasta sauces and Pepperidge Farm cookies, expects higher costs to hurt margins even as it plans price hikes for later this year.
Shipping logjams globally and surging demand on the back of a resurgent U.S. economy have led food manufacturers to sacrifice their profit margin as costs rose for items across the board. ....

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Results: Amtek Auto loss widens to Rs 145.77 crore in June 2020 quarter


Results: Amtek Auto loss widens to Rs 145.77 crore in June 2020 quarter
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Auto components maker Amtek Auto, currently undergoing corporate insolvency resolution process, on Wednesday reported widening of standalone loss after tax to Rs 145.77 crore for the quarter ended June 2020.
The company had posted a standalone loss after tax at Rs 78.42 crore in the year-ago period.
Total revenue during the period under review stood at Rs 36.53 crore. It was at Rs 215.83 crore in the corresponding quarter a year ago, Amtek Auto said in a regulatory filing.
The company said the implementation of Deccan Value Investors (DVI) resolution plan in which a US-based hedge fund had bid around Rs 2,700-crore, out of which Rs 500 crore was in the form of upfront cash and the balance Rs 2,200 crore to be paid in future, is underway. ....

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