Colour picture tube prices expected to stabilise
Our Corporate Bureau
13 January 2006
"The early trends indicate that the colour picture tube prices in the export markets have begun to normalise at current levels. However, prices in the domestic market continued to witness some downward pressure in Q3 FY2006 following slower than anticipated growth of domestic television demand."
According to him, Samtel Colour will introduce new products while phasing out older ones. The company will also increase productivity and enter new markets in Latin America, East Europe and South Asia.
For the nine months ended 31st December 2005, the company has posted a turnover of Rs697 crore and a net loss of Rs10 lakh. The company took a major hit of Rs7.1 crore because of foreign exchange fluctuations that impacted its the bottomline adversely.