ITC Q4 net rises 27% at Rs 1,028 cr

May 22, 2010 - Age Correspondent |

Kolkata

The ITC Limited on Friday reported a 27.1 per cent jump in its post-tax profit for the fourth quarter of 2009-10 at Rs 1028.22 crores, while the post-tax profit for the last fiscal stood at Rs 4,061 crores, registering a growth of 24.4 per cent.

Driven by a 20.9 per cent growth in the non-cigarette FMCG businesses, a 19.8 per cent growth in the cigarettes business and a 17.4 per cent growth in the paperboards, paper and packaging segment, the net turnover of the company registered a 16.3 per cent growth and stood at
Rs 18,153.19 crores.
The board of directors on Friday, approved the financial results for the year ending March 31, 2010 and recommended a dividend of Rs 10 per share, including a special centenary dividend of Rs 5.50 per share. ITC will complete 100 years in August 2010.
In the cigarettes business, the company retained its numero uno position and improved its market standing, notwithstanding the challenges of discriminatory and punitive taxation and increased regulation.

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