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Showing posts with the label Profit

World's top investment research firm finds Jio's first profit ‘too good to believe’

Reliance Jio  Infocomm's first-ever net income is "a bit too good to believe" for Sanford C. Bernstein analysts, who examined how the phone carrier accounts for some costs. इस कंपनी के आगे जियो हुआ फेल, 1 रुपए प्रतिदिन पर मिलेगा अनलिमिटेड डाटा, 17-23 फरवरी के बीच शुरू होगी सर्विस Jio's "unique approach" results in a slower pace of recognizing depreciation and  amortization , which led to a 12 billion rupee ($187 million) charge in the December quarter, according to a Feb. 2 Bernstein report. Using a rate similar to local rivals would have quadrupled that number and turned Jio's reported profit into a loss of Rs 2,410 crore, analysts led by Hong Kong-based Chris Lane estimated. अगर आपके पास भी प्लास्टिक वाला या लेमिनेटेड आधार कार्ड है तो सब काम छोड़कर पहले इसे पढ़ें The carrier, controlled by  India 's richest man and a unit of Reliance Industries, posted a net income of Rs 504 crore last quarter, about 16 months after its debut sparked a...