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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (9137)	10/29/1999 5:32:00 PM
From: Mohan Marette	Read Replies (1) of 12475

L&T clocks net profit of Rs 167 cr($37 mil) in first half larsentoubro.com LARSEN & Toubro (L&T) has reported a decline of 16.03 per cent in net profit to Rs 166.9 crore for six months ended September '99 from Rs 178.71 crore reported in the corresponding half, last year. Turnover for the period is higher by 7.28 per cent to Rs 3,317.68 crore ($737 mil) from Rs 3,092.95 crore ($687 mil). Net profit for September '99 is lower as the corresponding period last year includes extraordinary profit of Rs 76 crore ($17 mil) from sale of ships. This is much higher than the extraordinary profit of Rs 12.69 crore for six months ended September '99.

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