Emami's turnover grows by 13 per cent

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Kolkata, May 28: Emami ltd's net sales grew by 19 per cent at Rs.179 crore in Q4 and overall growth was 13 per cent for 2007-08 with turnover at Rs. 584 crore.

Profit after tax grew by 52 per cent at Rs. 35 crore in Q4. Growth in the year was 41 per cent with PAT at Rs. 92.7 crore.The consolidated FMCG sales also went up by 14 per cent at Rs.590 crore and exports fetched Rs. 62.6 crore, a growth of 12 per cent during the year. The company's board of directors today met to consider financial results for the quarter and the year ended March 31, 2008, and announced a dividend of Rs 4.5 per share, that is 225 per cent proposed for 2007-08, compared to a 200 per cent dividend in the previous year.

Company sources said the new products accounted for 15 per cent of the turnover.

In the overseas, business has grown by 12 per cent despite appreciation of rupee against US dollar by around 14 per cent.

Growth was coming mainly from Middle East and Africa.

UNI

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