Business Daily from THE HINDU group of publications
Thursday, May 01, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, May 01, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Announcements
Our Bureau Bangalore, April 30 Bosch Chassis Systems said it will offer anti-locking braking system and electronic stability programme for the Indian market by 2009. The press statement from the company said that it is setting up a new facility at Singur near Kolkata to make parts for Tata Motors’ Nano car. It also said that the company has declared a dividend of 30 per cent for 2007. Considering the 1:1 bonus declared in May 2007, this translates to 60 per cent on a cum-bonus basis. During 2007, the sales revenue (including other income) was Rs 554.10 crore which was 11 per cent higher over the annualised previous year. The profit after tax stood at Rs 41.60 crore. The sales revenue and related profit numbers for 2007 are not comparable with the previous accounting period ended December 31, 2006. This was a truncated period of nine months to align the accounting year of the company with the Bosch Group’s international calendar of January to December. The company has also posted a sales revenue (including other income) of Rs 137.8 crore for January - March period of 2007 representing a growth of 3.6 per cent over the same period last year. The net profit for the quarter was Rs 10.70 crore or 7.8 per cent of sales revenue. The new joint venture, KBX Motorbike Products which commenced standalone operations during the first quarter contributed sales of Rs 23.3 crore to the total revenue. More Stories on : Announcements | Automobile Components | Cars | Tata Motors Ltd
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