Campco posts Rs 21 cr profit
Chocolate factory continues to make losses
| While the chocolate division has continued to make losses and reported a loss of Rs 3 crore during 2005-06. |
| S R Rangamurthy, president, Campco told reporters here that during the fiscal it procured 365,000 quintals of arecanut worth Rs 280 crore and sold 430,000 quintals worth Rs 345 crore. The co-operative also purchased 53,216 quintals cocoa wet beans worth Rs 11.12 crore and 3,564 quintals of dry beans worth Rs 2.94 crore, he said. |
| The losses made by the chocolate division were mainly due to the under utilisation of the chocolate factory. Though it has a capacity to crush 8,000 metric tonnes of cocoa, only a part of it is being utilised. However, Amul has signed an agreement with Campco to manufacture 1,200 metric tonnes of industrial chocolate, he informed. |
| "We expect to make profits in the chocolate division this fiscal. In 2004-05 the losses were to the tune of Rs 5.6 crore", he explained. |
| "In the areca section we have decentralised trade by joining hands with co-operative societies. The Board has taken a decision to strengthen trade in the North including cities like Ahmedabad and Surat. Though the manufacturing of Kaju Supari was stopped six months ago we have restarted manufacturing and now we market it along with our chocolates in jars", he said. |
| To make the best utilisation of chocolate factory Campco has now started distributing cocoa plants to farmers. About 4,500 metric tonnes of beans are expected to be crushed in the chocolate factory this year, he said. It also plans to increase the membership from 92,000 farmers to one lakh, he added. |