Date:08/11/2006 URL: http://www.thehindu.com/2006/11/08/stories/2006110801921804.htm

Business - Briefly

STC's H1 turnover crosses Rs. 5,000 crore

CHENNAI: The State Trading Corporation of India (STC) has posted a 48 per cent growth in its net profit at Rs. 29 crore in the half-year ended September 30, 2006. The turnover has crossed the Rs. 5,000 crore mark, registering a growth of 30 per cent. Exports reached an all-time high and crossed the Rs. 1,200 crore mark. The corporation has also been successful in taking exports of gold jewellery further and effected shipments worth Rs. 65 crore.