Financial Daily from THE HINDU group of publications
Saturday, Apr 22, 2006
Financial Daily from THE HINDU group of publications Saturday, Apr 22, 2006 |
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Corporate Results
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Diversified GHCL to pay 24 pc for 9-months Our Bureau
New Delhi , April 21 GHCL Ltd has reported a profit after tax of Rs 28 crore for the fourth quarter of 2005-06, up 36 per cent compared to Rs 20 crore PAT registered in the same quarter of the previous fiscal. The company's net sales during the quarter stood at Rs 175 crore as against Rs 150 crore in the corresponding period of the previous year. The company also declares a dividend of 24 per cent for the first nine month period ending December 2005. PAT for the full year stood at Rs 100 crore as against Rs 40 crore during fiscal 2004-05. Net sales during the year stood at Rs 721 crore, up 37 per cent compared to Rs 525 crore in the preceding year, according to a company release. Commenting on the performance, the company Chairman, Mr Sanjay Dalmia, said: "We have had a successful quarter, where our revenues have been driven by volume growth both in the soda ash and textiles segment with better earnings through improved productivity." "We are sensing an attractive business opportunity with global reach and our strength to replicate the Indian success of being the lowest cost producer of soda ash to overseas locations as well," he said.
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