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Higher depreciation charge hits Birla 3M's bottomline.

Mar 28, 2000

Birla 3M's profitability has been hit primarily due to the change in the depreciation norms by the company itself.

Higher depreciation charge hits Birla 3M's bottomline.

Mar 25, 2000

Birla 3M's profitability has been hit primarily due to the change in the depreciation norms by the company itself charged to the profit and loss account is higher by Rs.46.7 mn, which includes Rs 38.3 mn for the previous year. If one were to adjust for this the Net Profits has grown by more than 5 times in the latest quarter as compared to the corresponding quarter of last year.


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