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Working Capital

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High interest rates may hit earnings of construction firms

Published December 4, 2008, 9:02 pm, Business Standard India

Engineering and construction companies such as Larsen & Toubro (L&T) and Gammon Infrastructure may see a pressure on their earnings as working capital funds becomes expensive owing to higher interest rates, say analysts and the firms.

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High interest rates may hit earnings of construction firms - Business Standard
L&T and Gammon?s interest costs have jumped more than three-fold in the first six months of the current financial year, which could hurt profit before tax (PBT), besides a drop in order growth. ?Sales growth is slowing down and if interest rates ...

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Good morning ladies and gentlemen and welcome to the General Electric Financial Services investor meeting. (Operator Instructions) I would now like to turn the program over to your host for today?s conference, Mr. Trevor Schauenberg, Vice President ...

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