Tata Coffee Q3 PAT up 303%

Tata Coffee, the country's largest coffee producer and exporter, on Tuesday reported a 303 per cent rise in consolidated profit after taxes (PAT) at Rs 49.72 crore for the third quarter ended December 31, 2010 as against Rs 12.33 crore in the year-ago period.
The Oct-December 2010 PAT has been aided by an exceptional item of Rs 10.65 crore which represents the profit on sale of shares held in Tata Global Beverages. Consolidated revenues for the company, which includes Eight 'O Clock Coffee Company, were up 15 per cent for the third quarter at Rs 350.24 crore as compared to Rs 305.86 crore in the corresponding quarter last year.
The company has booked restructuring costs (foreign operations) of Rs 1.37 crore in Oct-December 2010 quarter. Tata Coffee said that the instant coffee operations, which faced operating pressures till the 1st half of 2010-11 has seen problems been mitigated.

(Source: http://www.mydigitalfc.com/companies/tata-coffee-q3-pat-303-128)