Tata Global Beverages Ltd yesterday announced that its consolidated total operating income for the quarter ended June 30, 2012 stood at Rs 1,725 crores, 18 per cent higher than that in the corresponding quarter last year. The company witnessed a significant increase in both turnover and operating profits. The company’s profit from ordinary activities after finance cost, but before exceptional items, was Rs 153 crore,
a 55 per cent increase from the same quarter in the previous year. However, Tata Global Beverages’ profit from ordinary activities before and after tax, for the quarter under review, dropped to Rs 148 crores and Rs 99 crores, respectively, from the previous year, due to the impact of exceptional income, the company said in a press release. Exceptional income in the corresponding quarter of the previous year represents profit arising on sale of non-core investments partially offset by exceptional expenditure. Harish Bhat, Managing Director and CEO, Tata Global Beverages Ltd, said, “We have seen good volume growth and performance in key global markets including the United Kingdom and India, notwithstanding selective price increases which were implemented in response to higher commodity costs. In addition, we continue to drive a range of operating efficiencies, which is yielding good results.”
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a 55 per cent increase from the same quarter in the previous year. However, Tata Global Beverages’ profit from ordinary activities before and after tax, for the quarter under review, dropped to Rs 148 crores and Rs 99 crores, respectively, from the previous year, due to the impact of exceptional income, the company said in a press release. Exceptional income in the corresponding quarter of the previous year represents profit arising on sale of non-core investments partially offset by exceptional expenditure. Harish Bhat, Managing Director and CEO, Tata Global Beverages Ltd, said, “We have seen good volume growth and performance in key global markets including the United Kingdom and India, notwithstanding selective price increases which were implemented in response to higher commodity costs. In addition, we continue to drive a range of operating efficiencies, which is yielding good results.”
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