Financial Daily from THE HINDU group of publications
Tuesday, Sep 09, 2003
Financial Daily from THE HINDU group of publications Tuesday, Sep 09, 2003 |
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Corporate
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Bonus Announcements P&G Hygiene announces 1:2 bonus shares Our Bureau
Mumbai , Sept. 8 PROCTER & Gamble Hygiene and Health Care Ltd's board of directors have recommended an issue of bonus shares in the ratio of one share for every two held. The board has also recommended a dividend of Rs 20 per share for the year ended June 30, 2003. The company has ended the year with a net profit of Rs 68.04 crore (Rs 77.02 crore). Total income for the period was Rs 453.04 crore (Rs 430.38 crore). During the fourth quarter, Procter & Gamble has reported a net loss of Rs 1.78 crore as compared to net profit of Rs 14.72 crore for the year-ago quarter. Total income increased to Rs 99.15 crore (Rs 93.03 crore). "The combination of marketing investment and distribution thrust during the past year is already driving sales growth to a much higher level in the recent months. This years strong monsoon should help our Vicks Business too,'' the company said in a press release quoting its chairman, Mr Bharat Patel. The marketing investment in the fourth quarter is expected to accelerate sales growth of Vicks and Whisper brands in the forthcoming year, the release added.
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