Adani Enterprises Records Quarterly Loss Following US Sanctions Settlement CostsAdani Group
The conglomerate’s premier Mumbai airport initiates international flights
Adani Enterprises’ earnings for the April-June quarter were hit by a one-time charge to settle allegations by the U.S. that the company violated sanctions against Iran. © Reuters
MUMBAI — Adani Enterprises reported its second straight quarterly loss on Wednesday. The deficit was driven by a significant one-time charge related to a May settlement regarding a U.S. sanctions investigation, which offset strong revenue growth from the company’s airport and copper smelting divisions.
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