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Bangalore, Oct. 18

Improved instant coffee volumes and realisations helped Tata Coffee to report a 44 per cent growth in consolidated net profits for the September quarter. Consolidated operational income grew by a fourth during the period. Tata Coffee posted a net profit of Rs 17.40 crore on revenues of Rs 298.61 crore for the quarter-ended September 2008, compared to a net of Rs 12.06 crore on revenues of Rs 240.49 crore in the corresponding last quarter. Shares of Tata Coffee gained 3 per cent to close at Rs 180 on the BSE in a weak market on Friday. For the first half, Tata Coffee’s net profits stood at Rs 26.72 crore on revenue of Rs 561.42 crore, as compared to a net of Rs 20.16 crore on revenue of Rs 461.76 crore last year. —

Our Bureau

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