Financial Daily from THE HINDU group of publications
Tuesday, Jan 20, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jan 20, 2004 |
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Corporate Results
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Textiles Indo Rama Q3 net rises 81 pc Our Bureau
NEW DELHI: Indo Rama Synthetics Ltd has announced that its net profit for the October-December 2003 quarter had risen 81 per cent to Rs 71.7 crore despite a drop in sales turnover. While the net profit rose from Rs 39.5 crore in the third quarter of 2002-03 to Rs 71.7 crore in the current financial year, its sales turnover dipped 11.5 per cent to Rs 544.7 crore from Rs 615.7 crore. The company's board has approved a second interim dividend of 10 per cent, according to an official press release. For the first nine months of 2003-04, the net profit stood at Rs 118.9 crore, which was marginally higher than Rs 113.4 crore in the corresponding period last year. The turnover was marginally lower at Rs 1,693 crore as against Rs 1,701 crore, the release said.
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