TTK PRESTIGE NET DOWN 39%

Article Abstract:

TTK Prestige Ltd, the makers of cookers, has posted a 39.45 percent drop in net profit to Rs5.08 crore in 199798 as compared to Rs8.39 crore in 1996-97. (gs) -------------------------------------------------------- TTK Prestige Ltd: Financial Results (Rs in crore) -------------------------------------------------------- Particulars 1997-98 1996-97 -------------------------------------------------------- Net Sales 111.43 122.83 -------------------------------------------------------- Gross Profit 7.58 13.71 -------------------------------------------------------- Net Profit 5.08 8.39 -------------------------------------------------------- Interest 3.46 3.71 -------------------------------------------------------- Provision for tax 0.85 4.00 -------------------------------------------------------- Equity share capital 11.33 11.33 -------------------------------------------------------- Reserves and surplus 55.74 53.83 --------------------------------------------------------

Comment:

Posts a 39.45% drop in net profit to Rs5.08 crore in 199798 as compared to Rs8.39 crore in 1996-97

Electric Housewares and Household Fan Manufacturing, Electric Pressure Cookers, Electric cookers, TTK Prestige Ltd.

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COLGATE'S Q3 NET DOWN 48%

Article Abstract:

Colgate-Palmolive (India) suffered a 48 percent fall in its net profit at Rs9.77 crore in the third quarter ended December 1998 (Rs18.80 crore in the same period of 1997). It is a subsidiary of Colgate-Palmolive Inc of USA. Its turnover was Rs234 crore (Rs227 crore). Its gross profit was Rs22.19 crore (Rs35.13 crore). Its depreciation was Rs5.6 crore (Rs5.15 crore). Its tax was Rs6.82 crore (Rs11.18 crore). (gs) (kvr)

Comment:

Colgate-Palmolive (India) suffered a 48 percent fall in its net profit at Rs9.77 crore in the third quarter ended December 1998 (Rs18.80 crore in the same period of 1997).

Soap and Other Detergent Manufacturing, Soaps & Detergents, CL, Cleaning agents industry, Colgate Palmolive (India) Ltd.

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MODERN FOOD PROFITS DOWN BY HALF, TO PAY 8.5%

Article Abstract:

Modern Food Industries Limited (MFIL) makes the Modern brand bread. It suffered a nearly 50 percent fall in its net profit at Rs3.5 crore in 1997-98 (Rs6 crore in 1996-97). The decline in the profits was due to the increase in the salaries of workers because of the Fifth Pay Commission recommendations. It has proposed a dividend of 8.5 percent for 1997-98 (20 percent for 1996-97). (gs)

Comment:

Suffers nearly 50% net profit fall to Rs3.5 crore in 1997-98 due to increase in workers salaries

Commercial Bakeries, Bread, Modern Food Industries Ltd.

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