ITI POSTS Rs5-CRORE PAT
Article Abstract:
The public sector telecom undertaking, ITI Ltd (ITIL), recorded net profit of Rs5 crore in 1997-98. Its sales increased by 24 percent to Rs1,270 crore. ITIL incurred accumulated losses of Rs417 crore for the past three years. The inventory level has been reduced from 6.5 months to 4.75 months. In 1998-99, the exports are expected to increase to Rs20 crore (Rs5 crore in 1997- 98). ITIL has targeted domestic sales of Rs1,800 crore in 1998- 99. (gsh)
Comment:
Posts net profit of Rs5 crore in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ITI's POST-AUDIT PAT GALLOPS 170 PERCENT
Article Abstract:
The audited financial results of ITI Ltd, the country's biggest telecommunications company, shows an increase of 170 percent in net sales to Rs15.26 crore on sales of Rs1263.05 crore. For 1997- 98. The company's unaudited results, released in May 1998, had shown a net profit of Rs5.65 crore on sales of Rs1270 crore. The company says that its provision of Rs4 crore towards tax for earlier years, which was no longer require, had increased its net profit. (khr)
Comment:
Audited financial results shows an increase of 170% in net sales to Rs15.26 crore on sales of Rs1263.05 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MAX INDIA TO OFFER SPECIAL DIVIDEND
Article Abstract:
For the year ended March 31, 1998, Max India has announced an interim dividend of Rs100 per share and a 20 percent dividend for the 13-month period ended April 30, 1998. The total payout from both the dividends ` amount to Rs114.56 crore. Max India has announced the dividend after Max Telecom Ventures Ltd disinvested its 40 percent stake in Hutchison Max Telecom. (gsh)
Comment:
Announces interim dividend of Rs100 per share for yr ended 3/31/98, & a 20% dividend for the 13-month period ended 4/30/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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