Meanwhile investors continued to book profit
which saw the index concede all of the day's gains and spiral downwards as quickly as it had gone up.
The financial results of information and communication organizations have improved, whose the book profit
increased 2.9 times; agriculture, forestry and fisheries - 1.8 times; financial intermediation and insurance - 1.6 times; enterprises of wholesale and retail trade - 1.4 times.
The sales price for the Soehanah is confidential, but the transaction is expected to generate a book profit
, and the rig is debt free.
The existing provisions of section 115JB of the Income-tax Act, 1961 (the Act), inter alia, provide, that, for the purposes of levy of Minimum Alternate Tax (MAT) in case of a company, the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account shall be reduced from the book profit
With effect from Financial Year 2017-18, the Central Board of Direct Taxes (CBDT) stated that a company against whom an application for corporate insolvency resolution process has been admitted by the Adjudicating Authority under section 7 or section 9 or section 10 of the IBC, the amount of total loss brought forward (including unabsorbed depreciation) shall be allowed to be reduced from the book profit
for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961.
Thus, it would be better for investors, particularly retail investors, to book profit
and stay put."
The disposal will result in an estimated book profit
of EUR 3.7m in Kimberly's consolidated financial statements.
The investors opted to book profit
. Engro fell 2 percent after it announced lower than expected earning of Rs3.6 billion.
"The investors have off-loaded some positions to book profit
but at same some of them also took the positions when the index touches low which caused an increase in the turnover of the market", he added.
In the first year, as well as in part of the second of its operation, Sareb will book profit
. However, once the more liquid assets are sold, it will face tough periods of a slowdown in sales and business operations.
ING said previously the divestment would bring a book profit
of EUR335m as well as a capital release of about EUR530m.
Analysts believe that investors, during the week, may continue their focus on property, telecoms and banking stocks to book profit
and defying the political situation in the region.