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Matsushita Television and Audio net jumps 1100% - Views on News from Equitymaster
 
 
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  • Jan 28, 2000

    Matsushita Television and Audio net jumps 1100%

    Matsushita reported a net profit of Rs 9.6 m for 3QFY2000, which is a rise of 1100%. The topline grew by 32% which was the main driver to net. Its quantity of TV's sold went up by 51% over the corresponding period of the previous year and audio sets went up by 27% for this period. The fall in interest costs also boosted the bottomline

    (Rs m) 3QFY2000 3QFY1999 Change
    Net Sales 476.5 361.4 31.8%
    Other Income 0.1 3.6 -97.2%
    Expenditure 435.7 323.4 34.7%
    Interest 9.6 14.7 -34.7%
    Depreciation 21.7 26.1 -16.9%
    Profit before Tax 9.6 0.8 1100.0%
    Tax - -  
    Profit after Tax/(Loss) 9.6 0.8 1100.0%
    Net profit margin (%) 2.0% 0.2%  

     

     

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