Coromandel International Q3 net profit up 11% yoy

Sales turnover for the three months period ended December 31, 2009 is Rs17.56bn, as against Rs37.26bn in the corresponding period last year

Jan 22, 2010 11:01 IST India Infoline News Service

The unaudited financial results for the Quarter ended December 31, 2009 were approved by the Board of Directors at its meeting held on January 21, 2010.

 

Sales turnover for the nine months period ended December 31, 2009 is Rs50.29bn, as against Rs85.18bn in the corresponding period last year. (3 months ended Dec’09 is Rs17.56bn against Rs37.26bn for the corresponding period last year).

 

The Profit from operations before, interest and exceptional item for the nine months period is Rs6.42bn as against Rs6.8bn during the same period last year. (3 months period is Rs2.29bn against Rs2.3bn during the same period last year).

 

After considering  interest charge of  Rs606.2mn (Previous year : Rs568.7mn), Profit Before Tax for the nine months period is Rs5.82bn as compared to Rs7.82bn in the corresponding period last year which included an exceptional income of Rs1.58bn received from Foskor Pty Ltd, South Africa towards remuneration under the Business Assistance Agreement. (3 months period is Rs2.11bn against Rs2.08bn during the same period last year).

 

Provision for taxation for the period works out to Rs1.96bn (Corresponding period last year Rs2.73bn). The net profit is Rs3.86bn as against Rs5.08bn during the corresponding period last year. (3 months period is Rs1.46bn against Rs1.32bn during the same period last year)

 

The Board of Directors approved payment of an Interim Dividend of Rs6/- per share.(300% on face value of Rs2/- share) on the equity capital of the Company to the shareholders whose name appear in the register of Members on February 03, 2010.


Related Story

Open Free Demat Account (Rs699)