TATA Sponge Q2 net profit down by 70 pct

TATA Sponge Iron disclosed a substantial drop in standalone net profit for the quarter ended September 2009.

During the quarter, the profit of the company declined 69.80% to INR 308.40 million from INR 1,021.30 million in the same quarter last year.

Its net sales declined by 32.77% to

http://www.steelguru.com/news/index/2009/11/03/MTE4NDY4/TATA_Sponge_Q2_net_profit_down_by_70_pct.html

Posted in: steel news