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TNB net profit up 34% despite lower sales

PETALING JAYA: Despite lower sales of electricity in the first three months of 2021, Tenaga Nasional Bhd
(TNB) began its new financial year on a strong footing as net profit in the first quarter ended March 31 surged by 33.5% year-on-year (y-o-y).
TNB said net profit in the first quarter has increased to RM958.7mil as compared to RM717.9mil a year earlier.
Revenue, on the other hand, fell by 1.5% y-o-y to RM11.48mil.
The decline in revenue in the January-March 2021 period was offset by lower generation costs, a RM331.2mil reduction in foreign currency translation loss and a RM135.3mil increase in fair value of financial instruments. ....

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Max Healthcare Q4 results: PAT rises 31% to Rs 70 cr

Max Healthcare Q4 results: PAT rises 31% to Rs 70 cr
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Last Updated: May 28, 2021, 05:49 PM IST
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Synopsis
Revenue from operations stood at Rs 801.86 crore for the quarter under review. It was Rs 247.86 crore in the same period a year ago.
The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE.
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NEW DELHI: Max Healthcare on Friday reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021.
The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE. ....

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GMM Pfaudler Q4 results: Net profit zooms 214% to Rs 31 cr

The company reported a profit of Rs 31.5 crore as against Rs 10 crore during the same quarter last year. Revenue improved 68% to Rs 190 crore while EBITDA grew by 160% to Rs 52.3 crore. ....

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Humanity matters, capitalism needs an upgrade

The COVID-19 vaccine crisis is an opportune time when companies must rethink the purpose behind their existence ....

South Africa , South African , Varun Maira , Mariana Mazzucato , Wolfgang Streeck , Garrett Hardin , World Trade Organization , Will Capitalism , Ask Wolfgang Streeck , Trade Related Aspects , Intellectual Property Rights , Billion Fireflies , Critical Conversations , New Post Pandemic , Covid 19 Vaccine Crisis , Clash Between The Needs Of Humanity And Principles Capitalism , Private Producers Of Vaccines , Research And Production , Beyond The Reach Of Poor People , Private Producers , Subsidise Sales , Taxes On Private Companies , Private Companies , Governments For Lower Taxes , Attractive Investments , Ideological Grounds ,

Welcome To IANS Live - BUSINESS - GST compensation cess formula to stay, Centre to borrow Rs 1.58 lakh cr

Photo Credit: IANS
IANSLive
New Delhi, May 28 (IANS) As the pandemic situation worsens with the second wave of Covid-19, the GST compensation cess sharing formula adopted for the last financial year amid lower revenue collection will continue in the current fiscal, the Centre said on Friday.

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