PARRY'S CONFECTIONERY NET UP 24 PER CENT
Article Abstract:
Parry's Confectionery Limited, belonging to the Murugappa group, recorded a 24 percent increase in net profit and 19 percent rise in sales in 1997-98. The company launched five new products during the year. (gsh) ------------------------------------------------------------ Financial Results: Parry's Confectionery Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 153.34 128.99 ------------------------------------------------------------ Gross Profit 15.46 12.87 ------------------------------------------------------------ Depreciation 5.18 4.34 ------------------------------------------------------------ Net profit 9.22 7.42 ------------------------------------------------------------ Equity share capital 2.16 2.16 ------------------------------------------------------------ Earning per share (Rs) 42.68 34.33 ------------------------------------------------------------ Dividend (%) 75.00 50.00 ------------------------------------------------------------
Comment:
Records 24% increase in net profit and 19% rise in sales in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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NESTLE ON COURSE TO Rs1,800-Cr TURNOVER
Article Abstract:
Nestle India, a confectionery and beverage producer, is expected to post a sales of Rs1,800 crore and a net profit of Rs100 crore during 1998. The anticipation follows an impressive first half performance by Nestle. During the first half of 1998, Nestle posted a 26 percent rise in its net sales to Rs787 crore (Rs652 crore during the first half of 1997) and a 57 percent rise in its net profit to Rs35 crore (Rs22 crore). The operating margins grew by 2.5 percent to 12.8 percent (10.4 percent) while the net margins grew to 4.4 percent of sales (3.4 percent). It set aside Rs15 crore for taxes (Rs1.4 crore) and Rs7 crore for contingencies. (ag)
Comment:
Is expected to post a sales of Rs1,800 crore and a net profit of Rs100 crore during 1998
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CADBURY NET TAKES 41% JUMP
Article Abstract:
Cadbury India Ltd has posted a net profit of 41 percent for the 13 months ended January 2, 1999 at Rs26.22 crore (Rs18.57 crore for the same period in 1998). The company has expanded its product portfolio. It has introduced small sized packs for chocolates at prices as low as Rs3 to achieve high volumes. Chocolates, malted foods and cocoa powder contributes 55 percent to company's turnover. While Bournvita contributes 22 percent to its sales, sugar division (including Eclairs) contributes 23 percent. The company reduced its interest outgo. It has announced a dividend of Rs5.5 per share for 1998. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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