Financial Daily from THE HINDU group of publications
Tuesday, May 31, 2005

Port Info

Group Sites

Corporate Results - Dairy & Dairy Products
Agri-Biz & Commodities - Dairy & Dairy Products

Heritage Foods Q4 net slips to Rs 3.25 cr

Our Bureau

Hyderabad , May 30

HERITAGE Foods (India) Ltd has reported a fall in net profit for the fourth quarter of fiscal ended March 31, 2005, despite recording a growth in turnover.

According to the audited financial results, the company has posted a turnover of Rs 63.68 crore and a net profit of Rs 3.25 crore for the quarter under review. In the same quarter of the previous fiscal, it reported a turnover of Rs 58.18 crore and a net profit of Rs 4.13 crore.

For the year ended March 31, 2005, the company has posted a turnover of Rs 266.91 crore (Rs 235.83 crore) and a net profit of Rs 10.09 crore (Rs 14.36 crore). The board has recommended a dividend of 30 per cent for the fiscal under review.

The Managing Director, Mr V. Nagaraja Naidu, said the company has commenced milk procurement, processing and packing operations by commissioning a new plant at Yandagandi village in East Godavari.

He attributed the fall in profitability to increase in milk procurement cost and fall in selling prices of fat-related milk products.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Godrej Ind Q4 net lower at Rs 30 cr

Nava Bharat Ferro posts lower net in fourth quarter, to go in for share-split
IOC net profit dips 30 pc to Rs 4,891 cr — To pay 100% final dividend
Dishman net dips marginally
Tata Power Q4 net up at Rs 170.55 cr, to pay Rs 7.5
Colgate PAT lower
M&M's profit inches up in fourth quarter
Mirza Tanners net up
Heritage Foods Q4 net slips to Rs 3.25 cr
Hindustan Sanitaryware net up
Federal Bank Q4 net up 30%

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line