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Itc Net Up 18% At Rs 1,371 Crore In 2002-03

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Our Bureau BUSINESS STANDARD

ITC Ltd reported a net profit of Rs 1,371 crore for 2002-03, an 18 per cent rise from Rs 1,189 crore in 2001-02.

The company also crossed the Rs 10,000 crore turnover mark, with gross income at Rs 11,194 crore, against Rs 9,982 crore in the previous year.

ITC will pay a dividend of Rs 15 for a share of Rs 10 for 2002-03, against Rs 13.50 in 2001-02.

This will entail a cash outflow of Rs 418.84 crore, comprising dividends of Rs 371 crore and taxes of Rs 47 crore.

Profit before tax crossed the Rs 2,000 crore figure for the first time in the firm

 

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First Published: May 24 2003 | 12:00 AM IST

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