Comments
Rossell India Ltd, formerly Rossell Tea Ltd, has reported a net profit of Rs 2.9 crore in the first quarter to June 30, 2011 against Rs 2.17 crore in the corresponding quarter of the previous year.
According to Mr H.M. Gupta, Executive Chairman, the tea business of the company became a division this financial year. The average price realisation per kg of tea for the company was higher by Rs 11.77 in 2010-11 than the previous year. It recorded 28.57 per cent rise in exports at 193 million kg.
Rossell also has an aviation industry related products and services division, which, the company said, was looking for growth by way strategic tie-up with foreign original equipment manufacturers of supplies to the Indian defence and civil aviation establishments.
The company intends to build more niche technological skills, services and product portfolios in this sector, it said in its annual report. In FY2011, the division posted a lower net profit of Rs 3.48 crore against Rs 4.47 crore in FY 2010.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.