UPDATE 2-India TELCO posts profit for second straight quarter

Newswire

(Rewrites, adds company comment, updates share price) By Arif Sharif NEW DELHI, July 25 (Reuters) - Indian truck maker Tata Engineering and Locomotive Co (TELCO) reported on Thursday a better-than-expected first-quarter net profit, versus a loss a year ago, helped by higher sales and aggressive cost cutting. This was India's largest truck maker's second straight quarterly profit after a losing streak of seven quarters. Bombay-based TELCO , a key company of India's second-largest ...

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