Jio is not losing money in giving us those tarrifs, they are still making money. T
A review of Jio’s unaudited results for the last year shows that the wireless venture and its parent relied on a series of accounting decisions that wound up portraying Jio’s financial performance in the best possible light.
Analysts have previously noted some anomalies in Jio’s accounting, like the inclusion of six months of revenues in a three-month reporting period.
Another accounting decision reveals even more. Jio took advantage of a rule that allowed it to burn through bi ..
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Jio Hiding Losses Through Subsidy From Retail Arm: Report
Brokerage firm Bernstein estimated that Jio incurred a potential loss of Rs 15000 crore in FY19 but disclosed positive returns based on ‘non-standard’ depreciation metrics.
Jio Hiding Losses Through Subsidy From Retail Arm: Report | NewsClick
Brokerage firm Bernstein estimated that Jio incurred a potential loss of Rs 15000 crore in FY19 but disclosed positive returns based on ‘non-standard’ depreciation metrics.
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