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· Business (Tobacco)
non-USA, by Country
· India
Organizations
· ITC
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Jump to full article: The Wall Street Journal Interactive Edition, 2009-10-23
Author: RUMMAN AHMED
Intro: ITC Ltd., India's largest cigarette maker by sales, Friday posted a 26% rise in second quarter net profit, helped by an overall strong performance in all its business operations, except hotels.
Net profit for the July-September period rose to 10.10 billion rupees ($217.5 million) from 8.03 billion rupees a year earlier.
Net sales increased 14% to 42.93 billion rupees from 37.63 billion rupees, helped by higher sales at its tobacco and non-tobacco consumer goods segments, agribusiness and paperboards business, the company said.
The results beat analysts' expectations, with a Dow Jones Newswires poll of 10 analysts expecting, on average, net profit of 9.12 billion rupees on revenue of 41.49 billion rupees.
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