Rpsg venture is a holding company.
Results of it subsidiaries are consolidated.
Net profit before tax shows entire profit
Which is allocated between owner and NCI
Rpsg hold around 51% of the sports division and 54% of firstsource solution.
- Drop in profitability is due to following reason.
Increase in finance cost Unwinding of liability payable to BCCI (franchise fee is shown in books at present value and interest expense on the same is booked as expense).
Fall in profits from firstsource ( I have limited understanding of firstsource) they are facing headwinds due to the recessionary conditions in the USA.
Increase in losses from fmcg business (need to ask management reasons for the same)
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