TATA TEA TASTES RECORD 74% RISE IN NET TO Rs102 CRORE

Article Abstract:

Tata Tea Ltd has posted an all-time high 74 percent rise in net profit to Rs102.16 crore for 1997-98. It has posted a 26 percent rise in sales to Rs879 crore. Its export income was Rs269 crore. The company has declared a dividend of Rs10.1 per share (Rs6.5 per share in 1996-97). The company produced 62.4 million kilograms of tea in 1997-98 compared to 59.7 million kilograms produced in 1996-97. (gs) ------------------------------------------------------------ Performance of Tata Tea Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Total Income 895.97 717.44 ------------------------------------------------------------ Gross Profit 182.70 125.11 ------------------------------------------------------------ Net Profit 102.16 58.85 ------------------------------------------------------------

Comment:

Posts an all-time high 74% rise in net profit to Rs102.16 crore for 1997-98

Grocery Products NEC Whsle, Other Grocery and Related Products Wholesalers, Food distributors, Tata Tea Ltd., Article

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FLEX RECORDS Rs102.83-CR LOSS

Article Abstract:

Flex Industries Limited has posted a net loss of Rs102.83 crore on sales of Rs599.47 crore for the 18 months ended December 31, 1998. Its total expenditure amounted to Rs534.43 crore and interest charges amounted to Rs140 crore. It has posted a net loss of Rs60.6 crore on a sales of Rs179.42 crore for the six months ended December 31, 1998. (rk)(vr)

Commercial Banks, Commercial Banking, Flex Industries Ltd.

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MRF POSTS Rs102-CR NET, TO PAY 90% DIVIDEND

Article Abstract:

MRF Ltd, a leading tyre maker, made a record net profit of Rs102.28 crore in the year ended September 30, 1998, according to the audited financial results announced. It has proposed a final dividend of 90 percent for 1997-98. Earlier it had declared 2 interim dividends of 30 percent each for 1997-98. (gs) (kvr)

Rubber and Plastics Hoses and Belting Manufacturing, Tires, Tire Manufacturing (except Retreading), Flat Belts & Belting, Belts (Machinery), MRF Ltd.

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