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Unitech: Back in business
Unitech’s results for the September 2009 quarter were disappointing, with both revenues and profits falling below expectations. Revenues dropped by 48 per cent year-on-year while earnings fell 50 per cent year-on-year.
On a sequential basis too, the numbers were slightly lower than what analysts had hoped for—the pre-exceptional net profit was up 9 per cent. The company is now back in
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