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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (8929)	10/25/1999 8:32:00 PM
From: Mohan Marette	Read Replies (1) of 12475

COROMANDEL FERTILISERS - Net up 67% for the half year ended 9/30/99 cflindia.com 10/25/99 HYDERABAD: Coromandel Fertilisers Ltd has achieved a net profit of Rs. 33.08 crores for the half year ended September 1999, as against Rs. 19.85 crores during the corresponding period last year. The company registered sales of 2.48 lakh tonnes of fertilisers (2.35 lakh tonnes) and 66,130 tonnes (37,400 tonnes) of imported DAP. The turnover was Rs. 362.67 crores (Rs. 276.19 crores). The company's expenditure stood at Rs. 297 crores (Rs. 234.40 crores). It provided Rs. 11 crores (Rs. 10 crores) towards interest, Rs. 6 crores (Rs. 5 crores) towards depreciation and Rs. 15.75 crores (Rs. 6.95 crores) for taxation. For the second quarter, the company recorded a net profit of Rs. 23.41 crores (Rs. 15.53 crores) on an income of Rs. 238.82 crores (Rs. 168.55 crores) and expenditure of Rs. 196.29 crores (Rs. 140.16 crores). It set apart Rs. 5.32 crores (Rs. 4.80 crores) towards interest payment, Rs. 3 crores (Rs. 2.49 crores) for depreciation and Rs. 10.80 crores (Rs. 5.57 crores) for taxation. (Blr)

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