Tata Coffee today said its consolidated net profit for the quarter ended on September 30 2010, rose by 12.8 per cent to Rs 10.1 crore as against the corresponding quarter last fiscal.
The company had reported a net profit of Rs 8.9 crore for the second quarter of the last fiscal, Tata Coffee said in a filing to Bombay Stock Exchange.
During the July-September quarter of this fiscal, the company's total income declined by 5.6 per cent to Rs 299.56 crore as against Rs 317.36 crore for the year-ago period.
The company said that instant coffee operations, which were adversely affected by the global recession in the previous year, have made significant improvement recording higher volume of production and sales compared to the previous period.
Meanwhile, in a separate filing to the stock exchange, Tata Coffee said its board, at its meeting held yesterday, has appointed Deepak Kumar as additional director and executive director 'Finance' for three years with immediate effect.
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