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Copper futures & Birla Corporation
Copper futures end higher on Tuesday-
Copper futures ended up on Tuesday, with light trading volumes during the Lunar New Year holiday. Though, concerns over slowing factory activity in the world’s second-largest economy, China limited gains.
Copper futures for March delivery gained 0.8 percent to settle at $2.817 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 1 percent at $6,231 a tonne.
Birla Corporation turns black in Q3-
Birla Corporation has reported results for third quarter ended December 31, 2018.
The company has reported a net profit of Rs 6.99 crore for the quarter under review against a net loss of Rs 24.52 crore for the same quarter in the previous year. Total income of the company increased by 20.66% at Rs 1092.70 crore for Q3FY19 as compared Rs 905.61 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net profit of Rs 27.35 crore for the quarter under review against net loss of Rs 21.84 crore for the same quarter in the previous year. Total income of the company increased by 11.80% at Rs 1567.52 crore for Q3FY19 as compared Rs 1402.09 crore for the corresponding quarter previous year.
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