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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006   Reading Beyond the Headline Number SEPC's ₹13 Crore Profit Turned Into an ₹11 Crore Loss. No Cash Went Anywhere. Same company, same quarter, same numbers — a healthy pre-tax profit and a headline net loss, sitting right next to each other. If that looks like a contradiction, it's because you're reading the PAT line and skipping the one line above it that actually explains it. Open Q1FY27 results of   SEPC Ltd (₹6.03)   and you'll see two numbers sitting a few lines apart that seem to argue with each other. Profit Before Tax: a healthy ₹13.17 crore. Profit After Tax: a loss of ₹11.05 crore. Same quarter. Same company. Same set of operations. This isn't a business that quietly fell apart between two lines of a P&L. It's an accounting entry — a Deferred Tax Asset (DTA) write-off — and if you...
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Flat steel prices shows sparks of revival in China
 29 Feb, 2012
Day 2 of week 9 was eventful with a sudden burst of activity in the flat product market. There was all round improvement in price more as an attempt by the mills and trading circles to push for price hike and test its acceptability.
The steel stocks even though at a high level in Chinese domestic market with very faint reduction after the Lunar Holidays. However mills have been flaunting their intention by hiking the prices by CNY 100-200 per tonne for March. An uncanny confidence is based on an anticipated hike in demand as the spring unfolds.
Although none of the players are affirmative about this turn of fortunes given the misery over the last 6 months wherein market movements have defied all logic of demand.
However a recent reduction in CRR by the PBOC on 18th February some positivism was on the cards.
It would be of avid interest whether the coercive tantrums of the mills and traders will sustain or at least give a direction to the market.
Source: Steeelprices-china.com

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