J K Inds, Lotte India & Mangalore Chem results

CORPORATE SCORECARD

J K Industries today reported a net loss of Rs 1.99 crore for the second quarter ending March 31, 2005, compared with a net profit of Rs 6.40 crore in the comparable quarter of the previous year. Turnover rose six per cent to Rs 566 crore (Rs 532.50 crore).

Increasing raw material cost and lack of commensurate price increase input led to the net loss, said a JK Industries official. The company officials however said that the second half of the year is likely to be better than the first half. Turnover for the first half was Rs 1071 crore, up four per cent from Rs 1033 crore in the corresponding half of the previous year.

"Price of crude based inputs and natural rubber is showing signs of stability. With our expansion plans in the pipeline along with scope to increase the price of output, we are confident of posting better results in the second half of this year," said A K Kinra, finance director, J K Industries.

Lotte India net up 50% to Rs 35 lakh

Lotte India Corporation's (formerly Parry's Confectionery) net profit dipped 50 per cent to Rs 0.35 crore for the fourth quarter ended March 31, 2005 versus the Rs 0.70 crore in the fourth quarter ended March 31, 2004.

Revenues increased 11.13 per cent to Rs 31.73 crore (Rs 28.55 crore). Net profit for the year ended March 31, 2005 shot up by 50 per cent at Rs 1.17 crore when compared to the Rs 0.78 crore that the company earned in the same period ended March 31, 2004. Revenues jumped 19.48 per cent to Rs 120.11 crore (Rs 100.52 crore).

Mangalore Chem PBT at Rs 36.68 cr

Mangalore Chemicals and Fertilisers has reported profit before tax at Rs 36.68 crore and net sales of Rs 878 crore for the year 2004-2005. The company gave no figures on its net profit.

The overall improvement in performance in 2004-2005 was due to volume growth, energy savings and cost control, specially reduction in marketing costs, MCF said in a statement.