INDIA: Bata returns to profit in FY 2005
Leading shoe maker Bata India Limited said it returned to profit in 2005, making net earnings of INR125m (US$2.8m) compared to a loss of INR627m last year.
Revenue was down to INR7.07bn in 2005 from INR7.25bn previously.
During the fourth quarter of the year, Bata made a profit of INR54.9m compared to a loss of INR219m a year ago.
Revenue was INR1.93bn compared to INR1.84bn in the quarter.
Bata India, part of Bata Shoe Organization, sells more than 60m pairs of shoes per year throughout India and in overseas markets such as the US, the UK, Europe, the Middle East and the Far East.
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