Wednesday, October 28, 1998
Hindustan Lever net spurts 30% to Rs 576 crore
Hindustan Lever Ltd, in its first consolidated results after the merger of Pond's India with itself, announced a Rs 576.33-crore net profit for the nine-month period ended September 30, 1998. The company posted a net profit of Rs 412.18 crore in the corresponding period last year.
Lever clocks Rs 223cr net; Bajaj Auto net spurts; Telco pares losses
Corporate results announced by bellwether firms in the first half of the financial year are as varied as chalk and cheese that spotting an underlying pattern among them could prove to be a truly onerous and unenviable task. While Hindustan Lever has recorded a healthy net profit of above Rs 223 crore in the third quarter, trucks major Telco had to remain content with paring its losses in the second quarter.
Sonata Software plans premium float next month
Sonata Software Ltd plans to put 25 lakh shares on the block for its initial public offering. The float, planned for next month subject to Sebi's approval, will be at a premium of Rs 60 to Rs 80, company president and managing director B Ramaswamy said.
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