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Post by shrid on Nov 22, 2014 12:23:19 GMT
Fiat, which recently released the Punto Evo(lution) and the Avventura, has seen a growth of 88% in sales in FY14. Economic Times:"Italian carmaker Fiat, which has found the going tough in India despite riding on Tata Motors’ distribution network, has posted robust growth in sales for FY14, the first full fiscal of operations since the company went solo. It has reported an 88% year-on-year jump in revenues from India at Rs 3,863 crore for fiscal 2014, according to data with the Registrar of Companies (RoC). The carmaker’s profitability before extraordinary, exceptional and prior period items also rose significantly to Rs 237.6 crore, 30% higher than the year earlier. Net profit, however, fell 19.5% to Rs 216.6 crore. The decline in net profit was due to an exceptional gain of Rs 860 crore that Fiat made in fiscal 2013, and which was absent in the last financial year." P.S. This is my first post on the forum, please forgive errors if any.
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