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Robust sales boost Mcleod Russel profit

Robust sales boost Mcleod Russel profit
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First Published: Sat, Jan 23 2010. 12 26 AM IST
Updated: Sat, Jan 23 2010. 12 26 AM IST
Kolkata: The world’s biggest tea plantation company, Mcleod Russel India Ltd on Friday said its net profit in the quarter till December had grown 184% over the same period last year to Rs137.94 crore. Total revenue rose 40% year-on-year to Rs347.26 crore. In the quarter till December, the company said it sold 23.5 million kg of tea at an average price of Rs142.41 per kg compared with Rs114.91 per kg a year ago. Sales in the third quarter of the current fiscal had gone up by around 2.5 million kgs compared with last year, McLeod Russel said in a statement.
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First Published: Sat, Jan 23 2010. 12 26 AM IST