mysore tobacco company ltd Management discussions


THE MYSORE TOBACCO COMPANY LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL RESULTS 2007-08 2006-07 (Rs. in Lakhs) 1. Turnover 38.03 31.04 2. Profit before providing 19.25 15.49 interest & depreciation 3. Interest 55.97 54.75 4. Depreciation 0.60 0.30 5. Loss for the year after providing 37.57 39.56 interest, depreciation and prior period adjustment The turnover of Rs. 38.03 lakh includes rent on godowns at Whitefield and interest income. The accumulated loss of the Company as at 31.3.2008 is Rs.1,240.87 lakh. It was reported last year that the Government of Karnataka has in principle agreed to the merger of Mysore Tobacco Company with M/s KAPPEC. Further action by the Government and M/s KAIC is awaited in the matter.