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Mumbai:
Tata Tea Ltd has posted a profit after tax of Rs163.92
crore for the second quarter ended September 2006 against
Rs62.92 crore during the corresponding quarter of the
previous financial year.
Total
income for the quarter was higher at Rs322.78 crore compared
with Rs279.57 crore in the same period previous fiscal.
Net
profit (including Rs66 crore one-time gains) was up at
Rs194 crore from Rs97.5 crore in the same quarter the
previous year, beating analysts'' expectations that the
company''s net profit would go up 11.7 per cent to Rs108.9
crore.
The
company made a one-time gain of Rs66 crore from plantation
sale.
Net
sales were seen going up 10.9 per cent at Rs863.9 crore
from Rs778.8 crore.
Operating
profit was up 9.6 per cent at Rs177.1 crore from Rs161.6
crore.
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