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Earnings of leading Companies stagnate due to poor demand in market

Updated: Feb 12, 2015 04:12:46pm
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New Delhi Feb 12 (KNN) Analysis of performance of most of the BSE 500 Companies  for December quarter show aggregate net sales rose at a mere 0.25% from a year ago, aggregate net profit for this sample dropped 4.65%—the worst showing since the quarter ended March 2013.
 
If banks, information technology (IT) and oil companies are excluded from this sample, the aggregate net sales for the 227 firms that have reported earnings, rose 4.88%—the slowest such growth rate in three years. Net profit for these companies increased by 1.54%—the slowest since the quarter ended March 2013.
 
For 21 of the 30 Sensex companies that have announced their December quarter earnings, aggregate net sales dropped 4.6% from a year ago, the first such decline since the September 2009 quarter. Net profits for these companies declined 1.7%, the first such drop since the quarter ended March 2013.
(KNN/SS)

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