Asian Paints first-quarter consolidated profit falls 20 percent
Asian Paints Ltd
The company said its decorative business was impacted in June ahead of the rollout of the Goods and Services Tax while higher material prices also squeezed margins.
Consolidated profit was 4.41 billion rupees ($68.48 million) in the three months ended June 30, while total income rose 5 percent to 43.07 billion rupees. (http://bit.ly/2vVr5ZF)($1 = 64.4000 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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