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Adani’s flagship business reports profit amid ‘temporary’ volatility
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fnlondon.comAdani Enterprises said 14 February that it posted a net profit for the third quarter, improving sharply from a net loss in the year-earlier period, as earnings from all reported segments improved, led by coal trading and logistics services.
The flagship company of the Adani Group conglomerate said it posted net profit of 8.20 billion Indian rupees ($99.3m) for the quarter ended 31 December, compared with net loss of INR116.3m a year earlier.
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