Higher expenditure, tax expenses hit IRCON’s October-December net profit

IRCON International Ltd's consolidated net profit for Oct-Dec declined 28.3% on year to 1.02 bln rupees on the back of a rise in total expenditure and tax-related expenses. Sequentially, the net profit was 21.4% higher. The state-owned company's total expenses, including finance cost, rose to 12.53 bln rupees from 10.91 bln rupees a year ago.