ITC net up 4.6 percent, crosses Rs.3,200 crore

May 22nd, 2009 - 5:41 pm ICT by IANS  

Mumbai, May 22 (IANS) Tobacco, FMCG and hospitality major ITC saw its net profit for 2008-09 increase 4.6 percent to about Rs.3,264 crore from Rs.3,120 crore earned the previous fiscal.
The company’s turnover similarly registered a 10.5 percent growth during the year to Rs.16,844 crore from Rs.15,245.3 crore in 2007-08, it said in a regulatory statement Friday.

ITC’s FMCG and tobacco businesses grossed the highest net turnover at Rs.10,562.48 crore, while the hospitality segment notched a net revenue of Rs.935.45 crore in the year under review.

The net profit for the fourth quarter last fiscal was up 4.6 percent to Rs.808.9 crore from Rs.135.6 crore in the like period in 2007-9 despite a 2.8 percent decline in revenues during the period.

The company board has recommended a dividend of Rs.3.76 per equity share of Re.1 each.

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