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RAYMOND NET RISES 5.5 PER CENT (to Rs57.8 crore during the quarter to Dec 2002).

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(From India Business Insight)

Raymond Ltd has announced a 5.5 percent rise in net profit at Rs57.8 crore for the quarter to Dec 2002 (Rs54.8 crore for the quarter to Dec 2001).

Net sales grew by 7.8 percent to Rs737.7 crore (Rs684.2 crore). The company provisioned Rs42.6 crore towards depreciation (Rs39.3 crore).

Its interest income was at Rs24 lakh (interest costs of Rs13.7 crore).

...

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