Surprised to see no exceptional item/provision for loss. My experience with incidents like fire, flood etc is that, at first , companies say its all covered by insurance and hence no impact on bottom-line. Then, few quarters down the line, get surprised by seeing big one time hit once insurance amounts get finalized. Don’t know why they don’t make some upfront provision when everyone is prepared (since news is fresh in their mind). Guess conservative accounting is out of fashion these days…
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