Financial Daily from THE HINDU group of publications
Friday, Jul 26, 2002
Financial Daily from THE HINDU group of publications Friday, Jul 26, 2002 |
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Corporate
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People Carrier Aircon plans to recast management Our Bureau
NEW DELHI, July 25 THE air-conditioner major, Carrier Aircon Ltd, has proposed appointment of Mr Neville Moos as its Vice-Chairman and Managing Director. The company has also informed the Bombay Stock Exchange that it has changed its management structure and appointed Mr Moos, subject to the approval of shareholders and the Centre. It further said that Mr R.E. Galli, Director, has resigned from the board of the company. The company's net profit went up by 153.7 per cent to Rs 6.4 crore for the quarter ended June 30, 2002 as against Rs 2.5 crore in the quarter ended June 30, 2001. Further, the total income (net of excise) stood at Rs 121.6 crore (Rs 118 crore).
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