Net profit of United Nilgiri Tea Estates Company declined 54.87% to Rs 2.18 crore in the quarter ended June 2019 as against Rs 4.83 crore during the previous quarter ended June 2018. Sales declined 3.21% to Rs 14.17 crore in the quarter ended June 2019 as against Rs 14.64 crore during the previous quarter ended June 2018.

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United Nilgiri Tea Estates Company announced that the 97th Annual General Meeting (AGM) of the company will be held on 20 July 2019.

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Net profit of United Nilgiri Tea Estates Company declined 4.66% to Rs 2.25 crore in the quarter ended March 2019 as against Rs 2.36 crore during the previous quarter ended March 2018. Sales declined 3.99% to Rs 11.55 crore in the quarter ended March 2019 as against Rs 12.03 crore during the previous quarter ended March 2018.

For the full year,net profit rose 18.27% to Rs 14.37 crore in the year ended March 2019 as against Rs 12.15 crore during the previous year ended March 2018. Sales rose 7.18% to Rs 61.53 crore in the year ended March 2019 as against Rs 57.41 crore during the previous year ended March 2018.

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United Nilgiri Tea Estates Company announced that the Board of Directors of the Company at its meeting held on 15 March 2019, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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