Indo Rama's post-tax profit drops 85 percent
Facebook Twitter google+ RSS Feed

Indo Rama's post-tax profit drops 85 percent

Monday, 30 June 2008, 07:00 Hrs
Printer Print Email Email
Kolkata: Polyester manufacturer Indo Rama Synthetics (India) Limited's profit after tax (PAT) dropped by 85.4 percent to 30 million for the financial year ended March 31 compared to 200 million during 2006-07.

The net sales for 2007-08 rose from 20.11 billion to 25.45 billion by 26.5 percent. The fourth quarter net sales stood at 6.44 billion, up by 5.02 percent as compared to 6.13 billion in the corresponding period in 2006-07.

"Our performance during the year, especially in the second half of the year, was impacted by lacklustre performance of the textile industry, which affected polyester demand and margins," the company's chairman and managing director O.P. Lohia said Monday.

The board of directors at its meeting declared an annual dividend of 10 percent, that is, Re.1 per equity share.
Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT