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Change in accounting practice has a one-time cost: Gammon

While high interest cost has hit bottomline for Gammon Infrastructure, there is a Rs 9.5 crore sitting under 'exceptional item' on the company’s Profit and Loss (P&L) statement. Parag Parikh, executive director and chief financial officer of the company tells CNBC-TV18 that the sum is with respect to accounting changes undertaken by the company.

November 14, 2011 / 15:29 IST

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While high interest cost has hit bottomline for Gammon Infrastructure, there is a Rs 9.5 crore sitting under

TAGS: #accounting changes #amortized block #BOT #developer fees #exceptional item #Gammon Infrastructure #NH 30 #NHAI #Patna-Buxar #periodic maintenance #Results Boardroom #SPV

first published: Nov 14, 2011 12:48 pm

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