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Page 4 - Pre-tax Profit

Zoho Creator joins global #GivingTuesday campaign; offers $10 million

The app-development platform has committed to offer $10 million-worth Creator Express licenses to non-profits this year

Zoho Creator joins global #GivingTuesday campaign; offers $10 million
Updated On : 27 Nov 2017 | 10:19 AM IST

Corporates may see 6% pre-tax profit growth next year: Moody's

Expecting growth to revive next year, Moody's,which over the weekend revised upwards sovereign ratings to Baa2 after almost 14 years, has said a 7.6 per cent GDP expansion can result in corporates reporting a pre-tax profit growth of 5-6 per cent over the next 12-18 months. According to the rating agency, growth will "rebound strongly in 2018 because the supply chain disruptions of 2017 will end soon". "An economic growth of around 7.6 per cent will result in higher sales volumes, which along with new production capacity and benign commodity prices will support an Ebitda (earnings before interest, taxes, depreciation and amortisation) growth of 5-6 per cent over next 12 to 18 months," Moody's said. While noting that credit profile of corporate will continue to improve on healthy earnings growth, underpinned by solid economic growth and increased production capacity, Moody's said consolidation in oil & gas, telecom and steel sectors would affect credit quality in ...

Corporates may see 6% pre-tax profit growth next year: Moody's
Updated On : 20 Nov 2017 | 6:23 PM IST