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Tata Tea profit down

This article was originally published in The Public Ledger

INDIA'S Tata Tea saw a consolidated net profit of Rs922.3m ($19.89m) in the third quarter to December 31, 2009, down 76.7% from the Rs3.961bn seen in the corresponding period last year. Net sales for the quarter rose 18.9% to Rs4.506bn. In the quarter, higher investments in advertising and promotions drove brand performance and new initiatives.


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