Will turn profitable in FY19, says Archies-March 2024-www.financetom.com

Will turn profitable in FY19, says Archies

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Will turn profitable in FY19, says Archies

Apr 24, 2018 3:58 AM

Delhi-based greeting card maker Archies today said company will turn profitable in FY19.

Speaking to CNBC-TV18, Raghav Moolchandani, Head of National Sales, said, "We will be covering our Q1 loss. Moving forward with FY19, you will see some great results from the company and it is going to be profitable quarter-on-quarter."

“We are much more optimistic with our operations now. Archies has been seeing turbulent times in the last four years. We are far more optimistic towards the new financial year,” he said.

Speaking on future plans, he said company is planning to open 30-35 new stores and there is no proposal for shutting down any running stores.

He denied reports that promoters were looking to sell their stake in the company.

First Published:Apr 24, 2018 12:58 PM IST

Previous page： Commerce Bancshares' Q2 Earnings, Revenue Rise Next page： Market Chatter: Warner Bros. Discovery Considers Splitting Digital Streaming, Studio Businesses From TV Networks

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Commerce Bancshares' Q2 Earnings, Revenue Rise

Jul 18, 2024

06:46 AM EDT, 07/18/2024 (MT Newswires) -- Commerce Bancshares ( CBSH ) reported Q2 earnings Thursday of $1.07 per diluted share, up from $0.97 per share a year earlier. Analysts polled by Capital IQ expected $0.94. Revenue, expressed as the sum of net interest income and noninterest income, for the quarter ended June 30 was $414.5 million, up from $397.1...

Market Chatter: Warner Bros. Discovery Considers Splitting Digital Streaming, Studio Businesses From TV Networks

Jul 18, 2024

06:48 AM EDT, 07/18/2024 (MT Newswires) -- Warner Bros. Discovery ( WBD ) is considering splitting its digital streaming and studio businesses from its television networks to boost its declining share price, the Financial Times reported Thursday, citing people familiar with the matter. The media giant is weighing several strategic options, including selling some assets or creating a new company...

MEG Energy Evacuates Non-Essential Personnel at Christina Lake Regional Project Due to Wildfires

Jul 18, 2024

06:44 AM EDT, 07/18/2024 (MT Newswires) -- MEG Energy ( MEGEF ) on Wednesday said it has launched a controlled evacuation of non-essential personnel from its Christina Lake Regional Project due to wildfires in the area. Our focus is to minimize and mitigate any potential impact on our people and operations, said MEG President and CEO Darlene Gates. The wildfires...

Hyundai Motor America to recall nearly 67,000 vehicles in the U.S, NHTSA says

Jul 18, 2024

(Reuters) - Hyundai Motor America is recalling nearly 67,000 vehicles in the U.S., the U.S. National Highway Traffic Safety Administration said on Thursday. The company is recalling about 54,647 vehicles over loss of drive power from a fuel pump failure and about 12,349 Santa Fe Vehicles over a software error in the transmission control unit, NHTSA said. (Reporting by Harshita...