Consolidated Coffee: extraordinary charge mars gains in 2QFY2000 - Views on News from Equitymaster

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  • Oct 29, 1999 - Consolidated Coffee: extraordinary charge mars gains in 2QFY2000

Consolidated Coffee: extraordinary charge mars gains in 2QFY2000

Oct 29, 1999

Tata Tea subsidiary, Consolidated Coffee has recorded an impressive operating performance in the 2QFY2000. Net profit is up 116% to Rs 84 m and turnover has zoomed by 74% to Rs 663 m. The company's actual net profit is up only 22% to Rs 48 m, because of an extraordinary provision of Rs 37 m towards diminution in value of investments. As such the net profit margin has actually gone down to 7.2% compared to 10.2% in the corresponding period in the previous period.

(Rs m) 2QFY2000 2QFY1999
Net Sales 663 382 73.6%
Other Income 3 2 53.6%
Expenditure 549 305 79.6%
Interest 12 13 -11.6%
Depreciation 12 8 54.9%
Profit before Tax 93 57 62.9%
Tax 9 18 -50.3%
Profit after Tax 84 39 115.6%
Net profit margin 12.7% 10.2%  

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