Tata Coffee Limited
Performance in 2001-2002
June 13, 2002: Highlights
- The company has earned
a profit before extraordinary income and
tax of Rs 1076.47 lakh for the year ended
31.03.2002 as against Rs 1188.06 lakh
in the previous year.
- Despite coffee prices
ruling at abysmally low levels the profit
before tax was lower by only Rs 111.56
lakh or 9.39 per cent as compared to the
- · This was achieved
primarily due to the company's instant
coffee operations which continued to perform
well and strong cost-reduction measures
implemented by the company.
- Steps were also initiated
to improve efficiency levels specially
in the area of productivity in plantation
- During the year, an
all-time record pepper crop aggregating
to 1196 tonnes was picked as against 929
tonnes in the previous year.
- The company besides
being the largest integrated coffee company
in Asia, is the second largest exporter
of instant coffee from India.
- The board has
recommended a dividend of 35 per cent
totalling Rs 436.40 lakh (previous year
40 per cent and Rs 498.75 lakh)