Financial Daily from THE HINDU group of publications
Saturday, Jul 24, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 24, 2004 |
||
|
|
||
|
Corporate Results
-
Textiles Bombay Dyeing net, turnover up Our Bureau
Mumbai , July 23 BOMBAY Dyeing and Manufacturing Company has reported a net profit of Rs 6.73 crore, for the first quarter ended June 30, 2004, 40 per cent higher than Rs 4.82 crore last year. The company's first quarter turnover jumped almost 25 per cent to Rs 248.39 crore (Rs 198.83 crore). Other income rose to Rs 8.6 crore (Rs 16.69 crore). Earnings per share for the quarter stood at Rs 1.75 (Rs 1.24). Total expenses were at Rs 214.31 crore (Rs 178.24 crore). Interest payments were down to Rs 2.93 crore (Rs 3. 39 crore), while depreciation was at Rs 7.52 crore (Rs 8.15 crore). The company's export earnings are expected to be up to Rs 210 crore during 2004-05, Mr Nusli Wadia, Chairman, Bombay Dyeing, told shareholders during the AGM today. The company will focus on refurbishing 150 out of its 400-odd franchisee stores during the year, Mr Wadia said. The company will also enter departmental stores and malls to enlarge its distribution network, he said. Mr Wadia said the total capital expenditure for financial year 2004-05 was Rs 18 crore.
More Stories on : Textiles
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|