Financial Daily from THE HINDU group of publications
Thursday, Jul 21, 2005
Financial Daily from THE HINDU group of publications Thursday, Jul 21, 2005 |
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Corporate Results
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Watches & Accessories Titan Ind posts Rs 5.02-cr net profit Our Bureau
Bangalore , July 20 TITAN Industries has registered a 44-per cent growth in sales with income from operations rising to Rs 300.16 crore in the first quarter of 2005-06 from Rs 209.16 crore during the same period last year. The company posted a net profit of Rs 5.02 crore against a net loss of Rs 5.78 crore. The company's profit before depreciation, interest and taxes increased to Rs 13.29 crore (Rs 4.58 crore). The Time Products Division of the company recorded a growth of 41 per cent to Rs 134.48 crore (Rs 95.54 crore). The Jewellery Division also recorded sales of Rs 166.12 crore (Rs 114.12 crore), reflecting a growth of 46 per cent.
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