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Business Management

CFOs On the Move: Week Ending February 14

Eoin Tonge

Eoin Tonge will be signing up for United kingdom retail giant Marks and Spencer in June as chief economic officer. Tonge has been CFO of ease foods manufacturer Greencore Team considering the fact that 2016. Before his CFO position, he was the running director of the grocery small business and was earlier the chief strategy officer at Greencore. David Surdeau, at the moment interim CFO, will continue to be with the company to guidance the transition. Surdeau took over for CFO Humphrey Singer, who stepped down after eighteen months in the position.

Personal label packaged foods company TreeHouse

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Business Management

HEG plunges 14% on poor Q3 earnings, Co posts net loss of Rs 1.23 crore

Shares of graphite electrode company HEG slipped just about 14 for every cent on Wednesday immediately after the firm described bad established of economical figures for the quarter finished December 31, 2019 (Q3FY20).

The firm described consolidated decline of Rs one.23 crore for the quarter under review against Rs 444.sixty crore financial gain registered in the yr-back period. Complete earnings declined seventy eight for every cent yr-on-yr (YoY) to Rs 420.ninety seven crore.

Earnings just before interest, tax, depreciation and amortisation (Ebitda) fell ninety nine.six for every cent to Rs four.7 crore while margin stood at one.two for every cent

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