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EID Parry sales rise 6% to Rs 651 crore in H1
Our Corporate Bureau
Chennai, Oct 23 : EID Parry (India) Ltd, flagship company of the Chennai-based Rs 3,800 crore Murugappa Group has reported a marginal growth of 6 per cent in turnover clocking Rs 651 crore for the first half year ended September 30, 2000 as compared with Rs 612.04 crore in the comparable period of last year.Fertiliser and pesticides sales improved by 7 per cent while traded farm products saw a reduction by 2 per cent compared to the corresponding period of the previous year. The sugar and chemicals division registered an impressive growth rate of 33 per cent. Sales of Parryware and allied products grew at 20 per cent as a result of better realisation in top line products. According to unaudited financial results released by the company, operating profit improved to Rs 27.86 crore (Rs 25.69 crore). Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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