Financial Daily from THE HINDU group of publications
Sunday, Apr 28, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Home Page - Leather
Corporate Results - Leather


Bata Q1 net loss up at Rs 4.22 cr

Our Bureau

KOLKATA, April 27

BATA India Ltd has suffered a higher net loss of Rs 4.22 crore during the first quarter ended March 31, compared to the net loss of Rs 3.02 crore recorded during the corresponding period last year.

According to a company release issued here, Bata India's net sales during the period January-March stood at Rs 143.83 crore (Rs 168.36 crore ). The board of directors of the company met here on Saturday to take on record the financial results for the quarter ended March 31.

The release attributes the lower turnover to "depressed market conditions in general, disturbances in the country and discontinuation of supplies of merchandise to erring wholesalers".

The company has chalked out an action plan to reverse the downturn. Steps taken in this regard include implementation of the stores concept, launching new footwear with innovative designs every week at competitive prices, brand promotions and thrust on shoes for students, the release stated.

Send this article to Friends by E-Mail

Stories in this Section
BG awaits partners' nod for Panna-Mukta plans


Vajpayee takes `political wind' out of Sonia's sails
Believe in India, and also in Sinha
OECD optimistic of growth prospects
Forex reserves cross $55 b
Bata Q1 net loss up at Rs 4.22 cr
Cotton bed linen exports -- India asks WTO to set up settlement panel on EU move
India Inc shows its compassionate face


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

Copyright 2002, 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