Mumbai, Apr 29: FMCG major Hindustan Lever Ltd today
reported a fall of 22.9 per cent in its net profit for the
first quarter ending March 31, 2004 at Rs 294.88 crore as
compared to Rs 382.92 crore for Q1 of the previous fiscal.
Total income has fallen to Rs 2,424.69 crore from Rs
2,519.38 crore in the previous fiscal.
The company said the drop in the net profit was due to
interest payable on debentures and lower financial income.
The profit after tax before exceptional items was Rs 303
crore, the company said in a statement.
Bureau Report
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