Financial Daily from THE HINDU group of publications
Saturday, Jun 08, 2002
Financial Daily from THE HINDU group of publications Saturday, Jun 08, 2002 |
|
|
|
|
|
Home Page
-
Software Info-Tech - Software Corporate Results - Software Tata Infotech net down 45 pc in fourth quarter Our Bureau
MUMBAI, June 7 TATA Infotech Ltd has reported a 45 per cent decline in net profit, at Rs 6.92 crore (Rs 12.58 crore) for the quarter ended March 31, 2002. The company reported a 22.7 per cent decline in net profit at Rs 20.5 crore (Rs 26.54 crore) for the year ended March 31, 2002. The company reported a 17.4 per cent decline in net sales, at Rs 114.56 crore (Rs 138.82 crore) for the quarter. Net sales for the whole year fell 7.7 per cent, to Rs 475 crore from Rs 515 crore. Profit before tax declined 64 per cent, to Rs 12.06 crore from Rs 34.14 crore. The company said its revenue and profitability continued to be impacted in the second half of the year due to the greater than anticipated slowdown in its business, both domestic and overseas. In view of the interim dividend of Rs 4 per share announced in May for the year 2001-02, it had been decided not to recommend any final dividend, said a news release.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|