Business Daily from THE HINDU group of publications
Saturday, Oct 28, 2006
ePaper
Business Daily from THE HINDU group of publications Saturday, Oct 28, 2006 ePaper |
|
|
|
|
|
|
|
Corporate Results
-
Personal Products Gillette India Q3 net up at Rs 50.5 cr Our Bureau
New Delhi , Oct. 27 Gillette India Ltd (GIL) on Friday reported a growth of 261 per cent in its net profit to Rs 50.5 crore for the third quarter ended September 30, 2006, in comparison to the corresponding period last year, despite a decrease of 14 per cent in sales to Rs 101.2 crore. The growth in net profit is attributed to a one-time adjustment of Rs 38.1 crore to the accounts, by charging the exceptional expenditure related to the integration to the Capital Reserves. This is in accordance with the Orders of the Honourable High Court of Rajasthan under section 391 of the Companies Act, 1956. Looking at the six months post integration of the business, from April-September 2006, the company reported a growth of 5 per cent in sales to Rs 240.7 crore, in comparison with the corresponding period last year. Mr Zubair Ahmed, Managing Director, Gillette India Ltd, said, "Business trends need to be seen beyond this quarter's numbers with the longer term perspective and in keeping with the enormity of the task of integrating the organisations and distribution structures. The six months post integration show growth versus last year both on the top and bottom line and shares are showing good recovery in all categories in just the second quarter, post integration."
More Stories on : Personal Products
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 | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|