BATA INDIA LTD
Article Abstract:
Sales of Bata India Limited (BAL) increased by 13 percent to Rs670 crore for the year ended December 1997. BAL has invested Rs15.39 crore in modernisation, computerisation, footwear moulds and new production technology. It has set up two additional wholesale depots. Sales of its export division increased by 14 percent to Rs27.15 crore. Investment in footwear moulds and equipment exceeded Rs2.5 crore. The company sold 571 lakh pairs of footwear sourced from its five manufacturing plants. Accumulated losses carried forward from previous years totaled Rs19.47 crore at the end of 1997. (vv) --------------------------------------------------------- Financial Results of Bata India Limited (Rs in crore) --------------------------------------------------------- Particulars Year ended December 1997 December 1996 --------------------------------------------------------- Sales 670.00 NA --------------------------------------------------------- Profit before tax 17.56 4.15 --------------------------------------------------------- Earnings per share (Rs) 3.24 1.62 ---------------------------------------------------------
Comment:
Reports increase in sales by 13% to Rs670 crore for year ended 12/97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BATA GAINS GROUND, TURNOVER ON THE RISE
Article Abstract:
Bata India Ltd (BIL), the footwear manufacturer, has registered a 11 percent growth in sales in the first five months of the financial year starting from January 1, 1998 over the corresponding period in 1997. It is likely to wipe out its accumulated losses of Rs19.47 crore in 1998. BIL's sales increased by 13 percent in 1997. Its net profit was Rs17.56 crore (Rs4.15 crore in 1996). Its earnings per share was Rs3.24 (Rs1.62). Its book value per share is Rs60.92 (Rs24.29). (rk)
Comment:
Reports increase in sales by 13% in 1997 & increase in net profit to Rs17.56 crore in 1997 from Rs4.15 crore in 1996
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BATA INDIA
Article Abstract:
Bata India Ltd has increased its sales by 10.7 percent to Rs378.6 crore in the first half of 1998 against Rs341.89 crore in the first half of 1997. Its net profits have increased by 183 percent while interest costs have decreased by 51.77 percent. The company has started concentrating on volume growth in medium and low priced footwear instead of higher margins from premium products. (khr)
Comment:
Starts concentrating on volume growth in medium & low priced footwear instead of higher margins from premium products
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
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