Tata Tea Ltd has announced the following Audited results for the quarter ended December 31, 2007:
The Company has posted a profit after tax of Rs 588.80 million for the quarter ended December 31, 2007 as compared to Rs 942.00 million for the quarter ended December 31, 2006. Total Income has increased from Rs 2987.20 million for the quarter ended December 31, 2006 to Rs 4013.80 million for the quarter ended December 31, 2007.
The Unaudited Consolidated results are as follows:
The Group has posted a Consolidated net profit of Rs 13073.10 million for the quarter ended December 31, 2007 as compared to Rs 1171.90 million for the quarter ended December 31, 2006. Total Income has increased from Rs 11193.20 million for the quarter ended December 31, 2006 to Rs 11896.50 million for the quarter ended December 31, 2007.
January 29, 2008
Tata Tea Q3FY08 Results
October 29, 2007
Tata Tea Q2FY07 Results
Tata Tea Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a profit after tax of Rs 648.10 million for the quarter ended September 30, 2007 as compared to Rs 1639.20 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3227.80 million for the quarter ended September 30, 2006 to Rs 3480.50 million for the quarter ended September 30, 2007.
The Unaudited Consolidated results are as follows:
The Group has posted a Group Consolidated Net Profit of Rs 1092.40 million for the quarter ended September 30, 2007 as compared to Rs 1940.80 million for the quarter ended September 30, 2006. Total Income has increased from Rs 10149.40 million for the quarter ended September 30, 2006 to Rs 11169.00 million for the quarter ended September 30, 2007.
Exceptional items during the quarter represent amortization of amounts incurred on Employee Separation Scheme of Rs 22.00 million net of profit on sale of land in South India of Rs 2.50 million. In the previous year exceptional items included profit on sale of shares of Rs 702.50 million.
October 16, 2007
Tata Tea open offer for Mount Everest Water
DSP Merrill Lynch Ltd ("Manager to the Offer"), on behalf of Tata Tea Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement ("PA") to the shareholders of Mount Everest Mineral Water Ltd ("Target Company"), which is in continuation of, and should be read in conjunction with, the Public Announcement ("PA") dated June 04, 2007, & Subsequent corrigendum dated June 08, 2007, July 26, 2007 and August 23, 2007, pursuant to Regulation 10 and Regulation 12 and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations"). As Directed by Securities & Exchange Board of India (SEBI) vide its letter dated October 09, 2007 this corrigendum to the PA being issued. The shareholders of the Target Company are requested to note the following:
1. The Schedule of activities in relation to the offer has been revised as under:
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Activity Original Schedule Revised Schedule
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Specified Date July 04, 2007 July 04, 2007
Date of Opening of the Offer July 27, 2007 October 26, 2007
Date of Closing of the Offer August 16, 2007 November 14, 2007
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2. The Acquirer and manager to the offer post discussion with the SEBI have deposited inter alia in a bank escrow account additional consideration of Rs 6.56 Crores which constitutes the non compete amount of Rs 9.64 per share which may be payable (together with interest on the additional consideration at 6% per annum from the date of the payment of initial consideration on the shares tendered and accepted until the date of such payment of the additional consideration) by the Acquirer based on final decision taken and the guiding principles laid down in the matters which are pending before the Securities Appellate Tribunal, proportionately to the eligible shareholders of the Target Company who have validly tendered their shares pursuant to the open offer.
