Financial Daily from THE HINDU group of publications
Tuesday, Jun 01, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 01, 2004 |
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Corporate Results
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HCV/LCV/Tractors Bajaj Tempo net rises to Rs 44 cr Our Bureau
Mumbai , May 31 BAJAJ Tempo Ltd, a Firodia Enterprise, has ended the year 2003-04 with a higher net profit of Rs 44.21 crore as compared with Rs 32.17 crore in the previous year. Sales stood at Rs 1,111.13 crore as compared with Rs 826.25 crore in the earlier year. The board of directors has recommended a dividend of 70 per cent. The company said its three-wheelers, multi-utility vehicles, light commercial vehicles and tractors registered good growth during the year under review. The company plans to add a fifth product line to its business portfolio. It plans to launch medium and heavy commercial vehicles, the result of its collaborative agreement with the German-based MAN Group.
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