CPIL GOING THROUGH ROUGH PHASE
Article Abstract:
Colgate Palmolive India Ltd has reported a 5 percent fall in sales to Rs695 crore in the nine months ended December 1998 against Rs734 crore in the nine months endedDecember 1997. Its net profit has declined by 56 percent to Rs27 crore from Rs63 crore while net margins have fallen by almost 7 percent. The company attributes this to the 22 percent increase in advertising costs due to the launch of Total, voluntary retirement scheme compensation and aggressive pricing of new products. (khr)
Comment:
Colgate Palmolive India Ltd has reported a 5 percent fall in sales to Rs695 crore in the nine months ended December 1998 against Rs734 crore in the nine months endedDecember 1997.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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HLL JOINS GLOBAL CLUB ON MARKET CAP
Article Abstract:
Hindustan Lever Ltd (HLL) has secured the tenth position among the top 25 global companies in terms of market capitalisation. According to a report by Morgan Stanley Capital International, HLL has a market capitalisation of $7.5 billion-$8 billion (Rs32,500 crore). Telebras of Brazil leads the table with a market capitalisation of $28.9 billion. HLL is India's largest company in terms of market capitalisation. (ag)
Comment:
Secures the 10th position among the top 25 global companies in terms of market capitalization
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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