Financial Daily from THE HINDU group of publications
Friday, Mar 25, 2005
Financial Daily from THE HINDU group of publications Friday, Mar 25, 2005 |
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Corporate Results
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Electronics FCI OEN Connectors' net up at Rs 11.79 cr Our Bureau
Kochi , March 24 THE net profit of FCI OEN Connectors grew marginally to Rs 11.79 crore during 2004, up from Rs 11.72 crore in the previous year. The company's board has decided to maintain a dividend of 22.5 per cent. The business volumes surged and net sales crossed the Rs 100-crore mark to touch Rs 112.97 crore (Rs 76.32 crore). While domestic sales increased by 12 per cent to Rs 49.89 crore, the export volumes almost doubled to Rs 63.07 crore (Rs 31.64 crore). Mainly due to higher export entitlements, the other income of the company also showed a handsome growth, a press release here said. Profit before tax has also grown by 21 per cent to Rs 25.67 crore (Rs 21.18 crore). However, the net profit could only be marginally higher due to higher depreciation and higher deferred tax.
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