TELCO NET PROFIT SKIDS BY 61% TO Rs294.66 CRORE
Article Abstract:
The net profit of Tata Engineering and Locomotive Co Ltd (Telco), a truck manufacturer, has fallen by 61 percent to Rs294.66 crore in 1997-98 (Rs762.36 crore in 1996-97). Its total income declined by 27 percent at Rs7,327.05 crore (Rs10,096.59 crore). Its interest cost was Rs272.01 crore (Rs215.04 crore). Its depreciation was Rs259.24 crore (Rs209.24 crore). It has recommended a dividend of Rs5.5 per share for 1997-98 (Rs8 per share in 1996-97). (khr)
Comment:
Reports decrease in net profit by 61% to Rs294.66 crore in 1997-98, as against Rs762.36 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TELCO'S LOSS RISES TO Rs54 CRORE
Article Abstract:
Tata Engineering & Locomotive Company Ltd (Telco), a commercial vehicle producer, incurred a net loss of Rs54.47 crore during April-September 1998 (Rs213.93 crore during April-September 1997). Its turnover rose by 42 percent at Rs2,713.8 crore. It suffered a fall of 58 percent in the operating profit at Rs198.66 crore. Its sales fell by 37 percent at 48,572 vehicles. Its exports fell by 26 percent at 4,652 vehicles. (ag)
Comment:
Tata Engineering & Locomotive Company Ltd (Telco), a commercial vehicle producer, incurred a net loss of Rs54.47 crore during April-September 1998 (Rs213.93 crore during April-September 1997).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CREDIT MAKES UP MOST OF TELCO SALES
Article Abstract:
Tata Engineering and Locomotive Company (Telco) effected sales worth Rs350 crore in October 1998 and of this credit sales accounted Rs200 crore. But Telco officials said that credit sales accounted 40 percent or Rs140 crore. Telco sold 57,956 vehicles during April to October 1998 against 88,614 in the corresponding period of 1997-98. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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