Companies using Covid-19 adjustments to shore up numbers - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Companies using Covid-19 adjustments to shore up numbers

While preparing financial results, some companies are reporting certain items like loss of revenue and increased costs in a special category — exceptional items — so that the profit figure looks better. Companies say that since these adjustments are Covid-related and would not occur under ‘normal’ circumstances, they should be treated differently.

from Company-News-Economic Times
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