ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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ITC-Diversifying into Agri-Business

ITC has reported improvement in performance during the year ended March 31, 1990. Net sales increased to Rs 657 crore from Rs 373 crore during the 9-month period ended March 31, 1989. There were substantial increases in operating profits from Rs 67 crore to Rs 124 crore and net profit from Rs 29 crore to Rs 53 crore. The company issued bonus shares in the ratio of 1:1 raising the equity capital from Rs 33.17 crore to Rs 66.34 crore and also declared dividend at 37.5 per cent on the enlarged equity capital. The dividend rate during the preceding year was 40 per ecnt.

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