• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, July 18 Hatsun Agro Product Ltd plans to aggressively target the West Asian markets for dairy ingredients.

According to information provided by the company to the stock exchange, the company plans to open a wholly-owned subsidiary in Dubai to maximise business opportunities in dairy products.

The company’s Chairman and Managing Director, Mr R.G. Chandramogan, said the region is a strong market for dairy ingredients – primarily milk powder – with a well developed presence of ice cream, chocolates and other milk products-based companies. An office would be in operation in Dubai in September. The company will be able to hold stocks there and reach its customers fast. This would help it to target the large and small companies.

Hatsun has tripled its net profit for the quarter ended June 30, 2008 at Rs 7.79 crore, from Rs 2.57 crore last year. Sales grew 37 per cent to Rs 262.37 crore from Rs 191.02 crore. .

This is the first time Hatsun’s sales have crossed Rs 250 crore in a quarter marking its progress to becoming a Rs 1,000-crore company this year.

More Stories on : Overseas Investments | Dairy & Dairy Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
VBC Ferro recommends 20%

Copyright © 2008, 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