India Ashok Leyland Q1 net beats fcast, shares sag

Newswire

BOMBAY, July 26 (Reuters) - Ashok Leyland Ltd , India's second-largest truck maker, posted on Friday a higher-than-expected net profit in the April-June quarter, but its shares were down in a weak market. The Madras-based firm, which also makes buses, said it made a net profit of 97.47 million rupees ($1.94 million) compared to a loss of 94.04 million a year earlier. Net sales rose 11.5 percent to 6.50 billion rupees. It said the net profit was after providing for extraordinary expenses, ...

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