Financial Daily from THE HINDU group of publications
Wednesday, Jun 08, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jun 08, 2005 |
|
|
|
|
|
Corporate Results
-
Coffee Tata Coffee net zooms 77 pc Our Bureau
Bangalore , June 7 TATA Coffee has reported a 77-per cent rise in net profit to Rs 30.18 crore during the financial year 2004-05, recording its highest level of profit after tax. It had shown Rs 17.10 crore as net in the previous financial year. The company's consolidated revenue for the 12 months ended March 31, 2005 grew 13 per cent at Rs 201.66 crore, against Rs 179.03 crore in the previous year. Mr M.H. Ashraff, Managing Director, Tata Coffee, said the company exported nearly 5,000 tonnes of instant coffee mainly to Russia and the CIS markets. "We have managed to increase our instant coffee export price by about 20 per cent," he said, while adding that the price hike had happened very recently and was not reflected in last year's financial figures. The company's branded coffee business in the domestic market, led by the flagship brand Mr Bean, accounted for nearly 15 per cent of the revenues, with the brand slated to go in for a makeover with two new variant introductions shortly.
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 | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|