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Adani Enterprises reports a 50% drop in Q1 profit to $84M, citing lower coal trading volumes.
Adani Enterprises, part of the Adani Group, reported a 50% drop in first-quarter profit to about $84 million, due to lower coal trading volumes.
Revenue fell 14% to about $26 billion.
Despite the decline, EBITDA from incubating businesses like airports and roads increased by 5%, contributing 74% of the quarter's EBITDA.
The company's airport segment showed strong growth, while its coal trading business, facing reduced demand, saw a significant downturn.
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Adani Enterprises informa una caída del 50% en las ganancias del primer trimestre a $84M, citando menores volúmenes de comercio de carbón.