McLeod Russel posts net loss of 88.61 crore

Thursday, 04 June 2009, 14:56 IST   |    1 Comments
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Kolkata: Tea plantation company McLeod Russel Wednesday said its net loss has come down to 88.61 crore for the fourth quarter of 2008-09. The company had posted a loss of 97.34 crore in the January-March quarter of 2007-08, an official statement said. McLeod Russel's total income during the period, however, went up about 13 percent to 217 crore from 193 crore in last quarter of 2007-08. For the 2008-09 fiscal, the company recorded a consolidated profit of 83.47 crore, about 80 percent higher than 46.41 crore reported the year before. McLeod Russel's operating profit increased 148 percent last fiscal to reach 206 crore as against 83.3 crore in 2007-08. The board of directors has proposed a dividend of 2 on each equity share of 5 for the year, managing director Aditya Khaitan told reporters. Total exports (including deemed exports) during the year were 26.8 million kilogram at 118.63 per kilogram as against 27.4 million kilogram at 90.01 per kilogram last year, he added.
Source: IANS