Stake buy lifts Kohinoor
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Including this acquisition, the combined volume on the counter zoomed more than eighteen-fold to 9 million shares.
The company is engaged in export of basmati rice, a wide assortment of food products, including ready-to-eat products, cook-in sauces and cooking pastes to spices, seasonings and frozen food.
The company posted a 5 per cent drop in net profit to Rs 16.92 crore in the first nine months (April-December) of 2007-08 against Rs 17.83 crore net profit reported in the same period of the previous year. However, net sales of the company declined by 3 per cent to Rs 403.12 crore (Rs 414.19 crore) during the period.