Ttk Prestige Limited Chairman’s Speech

TTK PRESTIGE LIMITED CHAIRMANS SPEECH AGM: second JULY 2012 I have great pleasure in take you alone to the 56th Annual General Meeting of your Comp whatsoever. GENERAL economical SCENARIO During the pecuniary year 2011-12, the Indian Economy registered a true gross domestic product offshoot of just 6.5% - the last in nine years. This sagaciously fall in ontogeny- stride is fundamentally the result of supply bottle-necks and sectoral problems. The branch in the last accommodate of the fiscal was less than 6%. The start of fiscal 2012-13 continues to hypothesize a slow-down syndrome, though sectoral. The monsoon is delayed. The rupee is continuing to depreciate as well as volatile. The frugality continues to experience high inflation, oddly in articles of daily consumption. The entertain rates continue to find out high. The Central Budget as well as the monetary policy announcements has non had any positive impact on the economy or markets. With this bac kground, the real GDP ontogeny for 2012-13 is not expected to be to a greater extent than 6.5%. The „ cook Goods? sector, in which your Company operates, while continues to witness bonny growth, the rate of growth is witnessing slowdown. FINANCIAL YEAR 2011-12 The Annual history for the year has already been circulated.

You will be happy to observe that against the public atmosphere of low growth, your Company registered a growth of 45% in sales over and above the 50% growth achieved in the previous year. The salient aspects of performance be as follows: ? ? ? ? ? Sales grew by some 45% from Rs.776 crores to Rs.1123 crores. completely sequence high absolute value growth - a round Rs.347 Crores Exports grew by 30% from! Rs. 26 Crores to Rs.34 Crores. The growth was largely contributed by growth in volumes across product categories. amplification onwards special ordinary items increased by 35% from Rs.121 Crores to Rs.163 Crores ? ? ? ? ? ? Profit afterward tax increased by 35% from Rs.84 crores to Rs.113 Crores net income per tract (before extra-ordinary/exceptional items) rose to...If you want to get a ample essay, order it on our website: OrderEssay.net

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