Marketwire

Back In black

A glance into what led to the transition from losses to profits in the latest quarter

Back In black

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well" - Warren Buffett. Investors are always on the lookout to find the next turnaround story. Hence, companies that have suddenly turned around from losses to a profit, in the recent quarter, always draw a lot of attention. Whereas time only holds clues as to whether this is just a temporary blip or a sustainable trend, it does warrant an entry into a watch list. Here we give you nine such companies that have turned profitable in the December quarter after facing a string of losses. We have applied the following filters for the analyses. Market cap above Rs. 500 crore Net consolidated profits after tax before minority interest in the December 2018 quarter Net losses in the September 2018 quarter along with losses in at least four of the previous five quarters. Prime Focus Ltd Prime focus is an integrated media services company with operations in 18 cities across five continents. It provides four types of services which are creative services, technology products and services, production services and post production services. On the back of continuous losses from the third quarter of FY 2018 to the second quarter of FY 2019, this company broke the trend, posting a profit of Rs. 26.44 in


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