Financial Daily from THE HINDU group of publications
Wednesday, Jan 25, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 25, 2006 |
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Corporate Results
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Diversified Marico Q3 net up 43 pc Our Bureau
Mumbai , Jan. 24 MARICO Ltd on Tuesday reported a 42.59 per cent growth in profit after tax for the quarter ended December 31, 2005, to Rs 24.94 crore from Rs 17.49 crore posted in the corresponding period of the previous year. Its net sales and services increased by 13.40 per cent to Rs 276.70 crore (Rs 244 crore). According to an official statement, the company's board has declared a third interim dividend of 16 per cent on the equity capital of Rs 58 crore. For the nine-month period, Marico posted a 43.16 per cent rise in profit after tax to Rs 71.81 crore (Rs 50.16 crore) on a 9.45 per cent gain in net sales and services to Rs 783.48 crore (Rs 715.81 crore). At a consolidated level, Marico reported a third quarter profit after tax of Rs 21.91 crore (Rs 17.65 crore) with net sales and services at Rs 303.77 crore (Rs 259.60 crore). Same for the nine-month period were Rs 62.91 crore (Rs 50.91 crore) and Rs 853.71 crore (Rs 759.02 crore) respectively. Shares of Marico edged up by Rs 1.50 to Rs 393.25 on the BSE.
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