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Steel Authority of India swings to profit in Dec quarter

8th February 2018

By: Reuters

  

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Steel Authority of India Ltd posted a profit for the three months ended December on Thursday, snapping ten straight quarters of losses.

Net profit was 431.6-million rupees ($6.72-million), compared with a loss of 7.95-billion rupees in the year-ago period, the company said in a statement.

Quarterly revenue from operations rose 21.4% to 153.24-billion rupees.

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Edited by Reuters

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