Financial Daily from THE HINDU group of publications
Friday, Jan 25, 2002
Financial Daily from THE HINDU group of publications Friday, Jan 25, 2002 |
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Corporate Results
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Cigarettes VST Industries net rises Our Bureau
HYDERABAD: VST Industries Ltd has posted a net profit of Rs 11.62 crore during the quarter ended December 31, 2001 as compared to Rs 6.08 crore during the corresponding period in the previous year. During the period under consideration, the company's net profit increased substantially though its income from operations declined to Rs 165.34 crore from Rs 182.07 crore registered in the corresponding period of 2000. VST's interest charges decreased to Rs 79 lakh in the third quarter of 2001 from Rs 1.41 crore in the third quarter of 2000. It has provided Rs 1.4 crore for depreciation and Rs 7.07 crore for taxation during the quarter under consideration. Deferred tax charge for the nine months period ended December 31, 2001, amounting to Rs 1.28 lakh, has been included in the provision for taxation.
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