Business Daily from THE HINDU group of publications
Friday, Jan 26, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Jan 26, 2007 ePaper |
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Corporate Results
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Diversified EID Parry Q3 net at Rs 3.53 cr Our Bureau
The results are not comparable as the previous year's results include those of the Parryware Division, which represents a revenue of Rs 64.50 crore and profit before interest and tax of Rs 8.31 crore, and profit on sale of investments of Rs 22.58 crore, a company press release said. The profit after tax for E.I.D Parry, its subsidiaries, joint ventures, and associates for the quarter ended December 31, 2006, was Rs 27.21 crore with the consolidated turnover at Rs 725.58 crore.
Sugar sale
The sugar division has recorded a loss of Rs 61 lakh for the quarter despite a 4 per cent increase in sales because of a steep decline in the price of sugar and the export ban imposed in July 2006. Though the Government lifted the ban on January 11, 2007, exports would be regulated through release orders, the release said. The bioproducts division has registered a 2 per cent increase in sales. The company will shortly apply to the High Court of Madras for permission to merge Parry Nutraceuticals Ltd, a wholly-owned subsidiary, with itself, the release said.
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