PENTAFOUR Q3 NET GOES UP 47.6% TO RS2.73 CR
Article Abstract:
Pentafour Communications Ltd (PCL) of Chennai has recorded growth of 53.9 percent in turnover to Rs15.74 crore in the third quarter of 1998-99. Its exports contributed 20.7 percent. Its net profit increased by 47.6 percent to Rs2.73 crore during the quarter. For the first nine months of 1998-99, it recorded net profit growth of 41.9 percent to Rs7.89 crore. Its turnover increased by 52.9 percent to Rs43.54 crore during the same period. Its Training Strategic Business Unit (SBU) contributed Rs19.90 crore and System Integration Rs23.64 crore to the nine- month turnover. (rk)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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CASTROL LIKELY TO BEAT THE ODDS
Article Abstract:
Castrol is expected to declare net sales of Rs1043 crore in 1998 against Rs882 crore in 1997 while its net profit is expected to increase by 12 percent to about Rs186 crore against Rs158 crore. Since the company's unit is located at Silvassa, a designated a backward area, it will get sales tax exemption for 15 years and corporate tax deductions for 5 years. The company has a market share of 19 percent in the domestic lubricants market. It can retail products suited to local markets as it has invested Rs30 crore in research and development. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BUY TATA BONDS NOW, OWN CO SHARES LATER
Article Abstract:
Tata Industries Ltd (TIL) has decided to come out with a Rs100 crore bonds issue with an option to convert them into shares of TIL promoted company at the end of the fourth or fifth year. The seven year secured, zero coupon instruments, with a greenshoe option of Rs100 crore, are expected to be privately placed with wholesale investors and high networth individuals. The company plans to invest the mobilised funds in new ventures of the Tata group. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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