Procter & Gamble Q4 net profit at Rs.12.65 Crores, declares Rs.20 final dividend

Procter & Gamble Hygiene & Health Care Ltd has announced the following Audited results for the quarter & year ended June 30, 2007.

The results for the Quarter ended June 30, 2007: The Company has posted a net profit of Rs 126.50 million for the quarter ended June 30, 2007 where as the same was at Rs 465.60 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 1299.70 million for the quarter ended June 30, 2007 whereas the same was at Rs 1558.70 million for the quarter ended June 30, 2006.

The results for the Year ended June 30, 2007: The Company has posted a net profit of Rs 898.20 million for the year ended June 30, 2007 where as the same was at Rs 1395.10 million for the year ended June 30, 2006. Total Income (net of excise) is Rs 5547.50 million for the year ended June 30, 2007 where as the same was at Rs 6310.10 million for the year ended June 30, 2006.

Financial Results for the year ended June 30, 2007 are not strictly comparable as the corresponding period ended June 30, 2006 included sales and expenditure of detergent business which was transferred effective October 01, 2005 to Procter & Gamble Home Products Ltd, a 100% subsidiary of The Procter & Gamble Company, USA. Accordingly, effective October 01, 2005, Company operates only in one reportable segment - business of manufacturing and marketing Health and Hygiene Products and in one geographical segment i.e. within India.

Sharing perspective on the results for the FY 2006-07, Mr. Bharat Patel, Chairman, of the Company said, "Our strong double-digit core categories growth for the full year and last quarter, is a reflection of our superior value propositions, our in-touch advertising, cutting edge marketing programs, and robust trade plans, all geared to delight the Indian consumer. I am also pleased to share that to keep up with the growing demand of our products we have invested significantly in expanding capacity of our existing Feminine Hygiene plant in Goa and at the Health Care plant in Baddi, Himachal Pradesh. Our consumer continues to recognize these efforts and reward us with market leadership in our core categories."

The Board of Directors of the Company at its meeting held on August 24, 2007, inter alia, has declared a Final dividend of Rs 20/- per equity share for the year ended June 30, 2007. The dividend would be paid, subject to the approval of the shareholders at the Annual General Meeting, which would be announced later.

Source : Equity Bulls

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