Financial Daily from THE HINDU group of publications
Thursday, Jun 09, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 09, 2005 |
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Corporate Results
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Watches & Accessories Titan net doubles Our Bureau
BANGALORE: Titan Industries Ltd's net profit more than doubled to Rs 24.95 crore during 2005-05 from Rs 11.18 crore in the previous year. The company's sales crossed the Rs 1,000-crore mark to touch Rs 1,134.66 crore, up 18 per cent from Rs 958.52 crore in the previous year. Profit before tax, after accounting for exceptional items, is Rs 32.36 crore, an increase of over 130 per cent, compared to previous year's PBT of Rs 14.03 crore. The watch division's sales income grew by 13 per cent, going up from Rs 534.49 crore to Rs 601.59 crore. The jewellery division's sales went up by 26 per cent from Rs 425.68 crore to Rs 535.01 crore. The results in the year 2004-05 have been achieved after factoring in additional outlays on brand building amounting to Rs 17 crore more than the previous year, the company said in a press release. .
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