Financial Daily from THE HINDU group of publications
Saturday, Jan 21, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 21, 2006 |
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Corporate Results
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Sugar Agri-Biz & Commodities - Sugar EID Parry third quarter turnover, net up Our Bureau
CHENNAI: The turnover of E.I.D.- Parry (India) Ltd for the quarter ended December 31, 2005 stood at Rs 223.04 crore (Rs 189.17 crore). The profit before tax was Rs 38.22 crore, including Rs 22.85 crore representing profit on sale of share (Rs 20.75 crore). The profit after tax for the current quarter was Rs 32.44 crore (Rs 17.80 crore). Turnover for the nine-month period ended December 31, 2005 stood at Rs 624.09 crore (Rs 482.87 crore) representing a 30 per cent increase. Profit after tax was Rs 72.16 crore (Rs 67.72 crore). The sugar division of the company recorded a topline growth of over 17 per cent in the third quarter over the corresponding period last year. The branded sugar "Parrys Pure" is getting well accepted both at the retail and institutional level. With lower than estimated sugar production for the current sugar year (October 2005 - September 2006) coupled with high international prices the sugar industry and the company are expected to register good performance in the coming quarters, says a press release.
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