Financial Daily from THE HINDU group of publications
Thursday, Apr 29, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 29, 2004 |
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Corporate Results
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Chemicals Khaitan Chem out of the red Our Bureau
NEW DELHI: Khaitan Chemicals and Fertilisers Ltd has come out of the red during fiscal 2003-04 and has reported a profit after tax (PAT) of Rs 6.53 crore as against a loss of Rs 0.93 crore during fiscal 2002-03. The company has recommended a 15 per cent dividend for fiscal 2003-04 for the year, according to a company release. The normal monsoon during fiscal 2003-04 has helped the company come out of the red, according to a company release. Sales and other income during the year increased to Rs 193.41 crore as against Rs 126.41 crore during the previous year registering a growth of 53 per cent. The operating profit during the year stood at Rs 21 crore, posting a 94 per cent growth over Rs 10.85 crore last year. Simultaneously, profit before depreciation and tax has increased to Rs 16.02 crore against previous year's Rs 4.55 crore.
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