by stefanie | Feb 2, 2024 | City News
Ninestar Corporation faces a challenging fiscal year with an anticipated net loss of RMB450 to RMB650 million ($63 to $91 million/€58 to €84 million) for 2023, starkly contrasting last year’s RMB186.289 million ($26 million/ €24 million) profit. The downturn is...
by stefanie | Jan 18, 2019 | City News
Kotak Investment Advisors and Karvy Data Management Services have submitted bids to acquire Ricoh’s troubled Indian subsidiary. As the Economic Times reports, the “distressed” Ricoh India has almost Rs 3000 crore ($421.7 million/€369.7 million) in unpaid dues and owes...
by stefanie | Aug 17, 2018 | World Focus
Following the company’s announcement in April that its consolidated sales for 2017 were down by €7.4 million ($8.95 million), Turbon has now revealed it expects a 2018 FY loss of another €7 million ($7.9 million). Turbon AG has released details of an adjustment to its...
