P&G (I) NET RISES 32% TO Rs43.18 Cr
Article Abstract:
Procter & Gamble India Ltd (P&G), a company having presence in the personal care segment, has posted a 32 percent rise in its net profit for the year ended June 30, 1998. During the period, the exports grew by 43 percent to Rs21.5 crore. It proposes to offer a dividend of 75 percent for the period. P&G has launched a voluntary retirement scheme for its Indian employees. (ag) ------------------------------------------------------------ Financial Performance of Procter & Gamble India Ltd (Rs in crore) ------------------------------------------------------------ Particulars Year Ended Jun30, 1998 Year Ended Jun30, 1997 ------------------------------------------------------------ Net sales 441 388 ------------------------------------------------------------ Total expenditure 336 324 ------------------------------------------------------------ Operating profit 83 73 ------------------------------------------------------------ Net profit 43 33 ------------------------------------------------------------ Equity capital 22 14 ------------------------------------------------------------
Comment:
Post a 32% rise in its net profit to Rs43 crore for the year ended 6/30/98 vs net profit of Rs33 crore for year ended 6/30/97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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LAKME NETS Rs99 CR, PLANS TO MERGE TRENT
Article Abstract:
Lakme Ltd made a profit of Rs98.68 crore in the 15 months ended June 1998. This includes Rs97.97 crore got from the sale of its cosmetics business to Hindustan Lever Ltd. It has also sold its shares in Lakme Lever Ltd. Lakme Ltd proposes to amalgamate Trent Ltd, its wholly-owned subsidiary, with itself. The merger, if approved, will be effective from July 1, 1998. (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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