Kunena Site Syndication http://technicals.in Sun, 05 Sep 2010 16:04:40 -0400 Kunena 1.0.7b http://technicals.in/components/com_kunena/template/default_ex/images/english/emoticons/rss.gif http://technicals.in Kunena Site Syndication http://technicals.in/index.php?option=com_kunena&Itemid=2&func=view&catid=27&id=259#259 Results meet expectation on all fronts (based on earnings adjusted for forex translation loss at Corus): Tata Steel (Tata) posted adjusted consolidated net profit (attributable to equity shareholders) of Rs18.7bn (PLe of Rs.24.7bn). The performance seems below expectation, but adjusting for translation loss of US$42m, non-recurring maintenance cost to the tune of US$15m associated with fire at Ijmuiden plant and foreign currency loss of US$40 on translation of loans. Company reported consolidated EBITDA of Rs44.3bn (PLe: Rs48.6) and adjusting for translation loss and higher maintenance cost at Corus, EBITDA arrived at Rs48.8 at par with PLe... To read more you can bookmark this URL: http://www.dsij.in/productattachment/BrokerRecommendation/TATA%20Steel.pdf Source: Dalal Street Investment Journal www.dsij.in Mon, 16 Aug 2010 07:48:33 -0400