Financial Daily from THE HINDU group of publications
Saturday, May 28, 2005
Financial Daily from THE HINDU group of publications Saturday, May 28, 2005 |
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Corporate Results
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Textiles Drop in Lakshmi Mills Q4 sales, net profit Our Bureau
Coimbatore , May 27 THE net profit and income from sales of Lakshmi Mills Company Ltd fell during the fourth quarter ended March 31, but closed its full fiscal year 2004-05 with a net profit of Rs 4.33 crore, thanks to the Rs 12.25 crore of `other income' accrued out of the sale of assets including the sale of machinery during early part of the year. The net sales during the fourth quarter fell to Rs 35.61 crore, down by nine per cent compared to Rs 39.19 crore during the corresponding quarter in 2004. Its net profit fell to Rs 1.18 crore (Rs 4.72 crore). The total sale for the financial year 2004-05 was up by six per cent at Rs 146.27 crore (Rs 137.22 crore). The board, which took on record the financial results in Thursday's meeting, has decided to give ten per cent dividend (five per cent).
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