Accountancy, asked by Deepikaaan, 5 hours ago

Lanco Infratech, a power and construction business, reported a net profit of Rs.705 million for the quarter ended Septmeber 30,2010(Q2FY11), a decline of 43 per cent over the quarter ended September 30, 2009 (Q2FY10). The company's revenue increased 6 per cent over the same period. The depreciation charge increased four times, because of a change in the method. The charge for Q2FY11 was nearly one-half of that of FY10. This was despite a smaller growth in the fixed assets.

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Answered by sivapandukadavakollu
0

Answer:

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Explanation:

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