Rediff On The Net, Infotech: Tata Honeywell dividend is 40 per cent


	HOME \| INFOTECH \| HEADLINES

June 1, 1999

HEADLINES
SHAREWARE
DISCUSS
POLICY POLICE
JOBS
ARCHIVES

Search Rediff

Tata Honeywell dividend is 40 per cent

Tata Honeywell has posted results for financial 1998-99 and the board has recommended a 40 per cent dividend on equity capital of Rs 88.4 million.

On a higher sales turnover at Rs 2.32 billion from previous year's Rs 1.77 billion, the company has achieved an operating profit before interest, depreciation and income tax of Rs 218.5 million (Rs 149.9 million).

T O D A Y

• CMC equity base up
• Vittal on Kerala IT
• Tata Honeywell results
• Cellular rentals

Interest charges are Rs 58.1 million (Rs 62.6 million) and provisions for depreciation / amortisation amount to Rs 23.8 million (Rs 20.7 million).

After deducting, these charges and a provision for income tax, amounting to Rs 25.5 million (Rs 13 million) the profit after tax amount to Rs 111.1 million (Rs 53.6 million), the company release said.

UNI

Tell us what you think