Online edition of India's National Newspaper
Friday, Jul 23, 2010
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

ITC registers 22 % rise in net

Special Correspondent

KOLKATA: Aided by a robust growth in its non-cigarette businesses, ITC posted a 22 per cent rise in post-tax profit to Rs. 1,070 crore in the first quarter of 2010-11 as compared to the corresponding period in the previous year. The turnover grew by 16 per cent to Rs. 4,817 crore driven by foods, personal care, agri-business and cigarette business.

A company release said that agri-business delivered a strong performance with a 43.5 per cent increase in segment revenues on the back of higher sales of soya, leaf tobacco and wheat. ITC completes 100 years on August 24.

The hotels sector, which was caught in the aftermath of 26/11 as well as the economic meltdown, has begun to show signs of recovery as well as improvement with revenues growing by 21 per cent while the segment profit improved by 26 per cent, the release added.

In the paper segment, investments are under way in a new carton line and also in new state-of- the-art machinery which are likely to be in place by early 2012.

In agri-business, construction activity of the new green leaf threshing facility in Karnataka is progressing well the company said.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu