ITC net profit up 10 per cent in 4th quar­ter

The Gulf Today - Business - - REGION -

KOLKATA: FMCG ma­jor ITC on Wed­nes­day re­ported a close to 10 per cent in­crease in net profit to Rs2,932.71 crore in the quar­ter ended on March 31, com­pared with Rs2,669.47 crore in the year­ago pe­riod.

On a com­pa­ra­ble ba­sis, gross sales dur­ing the quar­ter stood at Rs17,933.48 crore, rep­re­sent­ing a growth of 3.5 per cent, over Rs17,315.75 crore in the cor­re­spond­ing pe­riod of 2016-17.

Its board of direc­tors rec­om­mended div­i­dend of Rs5.15 per or­di­nary share of Re 1 each for the fi­nan­cial year ended on March 31, 2018. The com­pany posted a stand­alone net profit of rs 11,223.25 cr ore in 2017-18, up by 10 per cent from Rs10,200.90 crore in pre­vi­ous fi­nan­cial year.

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