Friday, Jun 10, 2005
Friday, Jun 10, 2005 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Entertainment |
Advts: Classifieds | Employment | Business
Staff Correspondent
MUMBAI: A strong performance in brand sales has helped Tata Tea report a net profit of Rs. 129.92 crore for the year ended March 31, 2005, a jump of 41 per cent over the pervious year's Rs. 91.53 crore. The board of directors has recommended a dividend of 100 per cent (85 per cent last year). Addressing the media, Percy Siganporia, Managing Director, Tata Tea, said "even as the packet tea industry is stagnating, we had a growth in branded tea by 14 per cent in the domestic market mainly due to market share improvement and improved plantation operations." Income from operations was Rs. 899.63 crore against Rs. 782.42 crore. The profit before tax was up 72 per cent at Rs. 111.73 crore (Rs. 65.14 crore).
In India, Tata Tea's market share has gone up from 14 per cent to 20.1 per cent. Through Tata Tetley operations, it has a 27.5 per cent market share in the U.K., 42.3 per cent in Canada, 11.3 per cent in France and 21.4 per cent in Australia.
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Entertainment |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
