MUMBAI, June 11 (PTI): Tata group company Tata Tea has posted a consolidated net profit at Rs 701 crore for 2008-09 on increased sales and favourable currency movement.
The company had a total consolidated income of Rs 4,874 crore, in the said fiscal.
The company said its net profit was not comparable to the previous year due to the impact of one time profit on sale of investment in two companies - Energy Brands Inc and North India Plantations last year.
Tata Tea did not declare January-March quarter numbers separately saying the total yearly numbers take in account the performance more correctly.
Company’s chief financial officer L Krishnakumar told reporters that the company managed to put up improved performance due to higher sales and favourable currency movement.
http://www.assamtribune.com/scripts/details.asp?id=jun1209/Business2
The company had a total consolidated income of Rs 4,874 crore, in the said fiscal.
The company said its net profit was not comparable to the previous year due to the impact of one time profit on sale of investment in two companies - Energy Brands Inc and North India Plantations last year.
Tata Tea did not declare January-March quarter numbers separately saying the total yearly numbers take in account the performance more correctly.
Company’s chief financial officer L Krishnakumar told reporters that the company managed to put up improved performance due to higher sales and favourable currency movement.
http://www.assamtribune.com/scripts/details.asp?id=jun1209/Business2
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