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Hindustan
Lever, the country''s largest consumer products company,
has announced results which are better than market expectations.
The company''s Q4 FY05 profits increased by 56.1 per
cent, including exceptional items, on a year-on-year
basis on a revenue growth of 12.86 per cent.
HLL reported a net profit of Rs520.86 crore or Rs2.37
per share for the fourth quarter ended December 2005
as compared to Rs333.67 crore or Rs1.52 per share for
the previous year quarter. Total revenues for the quarter
increased to Rs3,038.53 crore from Rs2,692.38 crore
during the same quarter of previous year.
Profits for the quarter include an after tax profit
of Rs89.2 crore received on transfer of the Doom Dooma
and TEI tea plantations.
The company had reported a net profit of Rs325.96 crore
or Rs1.48 per share for the September quarter on total
revenues of Rs2,816.42 crore.
Operating margins improved significantly to 16.2 per
cent for the December quarter as compared to 12.61 per
cent for the September quarter. Margins have remained
steady when compared to the Q4 figure of 16.15 per cent.
For the full year 2005, HLL has reported a net profit
of Rs1,408.1 crore or Rs6.4 per share as compared to
Rs1,197.36 crore or Rs5.44 per share for the year 2004.
Total revenues for the year increased to Rs11,365.33
crore from Rs10,245.79 crore.
Full year profits for 2005 includes a net extraordinary
income of Rs53.59 crore as against a net extraordinary
loss of Rs1.93 crore for the previous year. Adjusted
for the extraordinary items, HLL has achieved a profit
growth of 12.94 per cent on a revenue growth of 10.93
per cent.
On a consolidated basis, HLL has reported a net profit
of Rs1,355.92 crore for the year 2005 as compared to
Rs1,208.4 crore for the previous year. Consolidated
revenues for the year were at Rs11,879.2 crore as compared
to Rs10,901.81 crore for the previous year.
HLL''s board has recommended a final dividend of 250
per cent or Rs2.5 per equity share of Re1 face value.
Hindustan Lever is trading at Rs226 (up 7.88 per cent)
at 02.40 PM on the NSE today
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