Ramco Systems Announces Q4 & FY 07 Results

Ramco Systems Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net loss of Rs 180.175 million for the quarter ended March 31, 2007 where as the same was net loss at Rs 38.248 million for the quarter ended March 31, 2006. Total Income is Rs 202.084 million for the quarter ended March 31, 2007 where as the same was at Rs 351.717 million for the quarter ended March 31, 2006.The Audited results for the Year ended March 31, 2007 The Company has posted a net loss of Rs 322.033 million for the year ended March 31, 2007 where as the same was net loss at Rs 340.682 million for the year ended March 31, 2006. Total Income is Rs 868.674 million for the year ended March 31, 2007 where as the same was at Rs 1218.008 million for the year ended March 31, 2006.

Tata Power Announces Q4 & FY 07 Results

Tata Power Company Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a profit after tax of Rs 927.30 million for the quarter ended March 31, 2007 as compared to Rs 1388.20 million for the quarter ended March 31, 2006. Total Income has decreased from Rs 12392.30 million for the quarter ended March 31, 2006 to Rs 11261.10 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a profit after tax of Rs 6968.00 million for the year ended March 31, 2007 as compared to Rs 6105.40 million for the year ended March 31, 2006. Total Income has increased from Rs 48597.70 million for the year ended March 31, 2006 to Rs 50593.10 million for the year ended March 31, 2007.

Bank Of Baroda Announces Audited Consolidated FY 07 Results

Bank of Baroda has announced the following Audited consolidated results for the year ended March 31, 2007:The Group has posted a net profit after Minority Interest, Share of Earnings in Associates of Rs 11288.60 million for the year ended March 31, 2007 where as the same was at Rs 9046.90 million for the year ended March 31, 2006. Total Income is Rs 108128.10 million for the year ended March 31, 2007 where as the same was at Rs 85470.30 million for the year ended March 31, 2006.

BHEL Announces Q4 & FY 07 Results

Bharat Heavy Electricals Ltd (BHEL) has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 11503.70 million for the quarter ended March 31, 2007 as compared to Rs 8679.50 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 57322.10 million for the quarter ended March 31, 2006 to Rs 72057.00 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 24147.00 million for the year ended March 31, 2007 as compared to Rs 16791.60 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 137590.00 million for the year ended March 31, 2006 to Rs 179990.00 million for the year ended March 31, 2007.

Indusind Bank Announces Q4 & FY 07 Results

Indusind Bank Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Bank has posted a net profit of Rs 214.00 million for the quarter ended March 31, 2007 as compared to net loss of Rs 624.00 million for the quarter ended March 31, 2006. Total Income has increased from Rs 3509.90 million for the quarter ended March 31, 2006 to Rs 4833.40 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Bank has posted a net profit of Rs 682.20 million for the year ended March 31, 2007 as compared to Rs 368.20 million for the year ended March 31, 2006. Total Income has increased from Rs 13771.20 million for the year ended March 31, 2006 to Rs 17443.90 million for the year ended March 31, 2007.

Ipca Laboratories Announces Q4 & FY 07 Results

Ipca Laboratories Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit (after exceptional items) of Rs 276.50 million for the quarter ended March 31, 2007 as compared to Rs 179.60 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 1738.80 million for the quarter ended March 31, 2006 to Rs 2215.30 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit (after exceptional items) of Rs 1222.30 million for the year ended March 31, 2007 as compared to Rs 639.80 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 7528.20 million for the year ended March 31, 2006 to Rs 9212.40 million for the year ended March 31, 2007.

NIIT Tech Reports Rs 45.9Cr Net Profit

New Delhi: NIIT Technologies on May 23s, registered a net profit of Rs 45.9 crore for the quarter ended March 31, 2007 as compared to Rs 19.2 crore, for the corresponding quarter of the previous year. The company''s revenues increased by 47 per cent to Rs 243.5 crore (Rs 166.2 crore). They also increased the head count by 249 people taking it to total of 4,448. The IT solutions business contributed Rs 228.3 crore and Business Process Management the remaining Rs 15.2 crore. The operating profit rose to 53.4 per cent (33.2 per cent), an increase of 61 per cent. For the year ended March 31, 2007, the company reported a 95 per cent growth in net profit to Rs 129.2 crore (Rs 66.3 crore). Consolidated revenues stood at Rs 885.9 crore (Rs 607.5 crore), up by 46 per cent.

Sree Sakthi - FY 07 Results By Jun 30, 2007

Sree Sakthi Paper Mills Ltd has informed BSE that the Company will publish the Audited results within a period of 3 months from the end of the last quarter of the financial year ending March 31, 2007 (i.e. before June 30, 2007). As such the Company is not publishing or giving an Un-audited Financial Results for the quarter ending March 31, 2007

Punjab Tractors Announces Q4 & FY 07 Results

Punjab Tractors Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 173.80 million for the quarter ended March 31, 2007 as compared to Rs 210.40 million for the quarter ended March 31, 2006. Total Revenue has decreased from Rs 2525.00 million for the quarter ended March 31, 2006 to Rs 2208.30 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 779.80 million for the year ended March 31, 2007 as compared to Rs 1293.40 million for the year ended March 31, 2006. Total Revenue has decreased from Rs 9640.50 million for the year ended March 31, 2006 to Rs 9546.30 million for the year ended March 31, 2007.

Pidilite Industries Announces Q4 & FY 07 Results

Pidilite Industries Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 245 million for the quarter ended March 31, 2007 as compared to Rs 140 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 2102 million for the quarter ended March 31, 2006 to Rs 2748 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 1199 million for the year ended March 31, 2007 as compared to Rs 907 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 9250 million for the year ended March 31, 2006 to Rs 11734 million for the year ended March 31, 2007.

Liberty Phosphate - Limited Review For The Quarter Ended Mar 31, 2007

Liberty Phosphate Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. Sales includes Sale of Manufacture Goods as well as Traded Goods. Out of total sales, sales of Traded Goods are of Rs 165.61 lacs & Export Sales of Rs 23.57 Lacs during 3 months period ended March 31, 2007. Total Sales of the entire year is Rs 14996.38 Lacs.2. Company has revert back excess Provision for Income tax of Rs 19.76 lacs during the quarter ended March 31, 2007. However, total tax liability for entire year of Rs 27.17 lacs is provided in the books.3. Company has provided total FBT liability of Rs 10.32 lacs for the entire year 2006-07.4. Company has provided Deferred Tax Expenses of Rs 57.92 lacs during quarter under review, thus recorded total Deferred Tax Expense of Rs 61.75 Lacs for the entire year. The total deferred tax liability of the Company as at March 31, 2007 is Rs 151.58 lacs.

Saurashtra Cement - Limited Review For The Quarter Ended Mar 31, 2007

Saurashtra Cement Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations: Attention is drawn to the following:(a) The Companys proposal for restructuring of its debts under the Corporate Debt Restructuring (CDR) Mechanism as per the guidelines of the Reserve Bank of India has been sanctioned vide letters dated December 26, 2005 and February 17, 2006 issued by CDR Cell. As per the sanction with effect from the cut off date of June 30, 2005, the interest is to be levied at the revised rates and waiver and concessions have been granted for the interest payable as also the Principal outstanding till the said cut-off date. Further, some of the lenders, other than CDR Members have also opted for a One Time Settlement (OTS). Accordingly, the interest for the current quarter ended March 31, 2007 is accounted at the revised rates.

Modipon - Limited Review For The Quarter Ended Mar 31, 2007

Modipon Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2006, the Auditors of the Company have made the following observations: As stated in note 2 to the unaudited quarterly financial results, the Company videagreement dated October 28, 2006 has sold its Chemical Division along with certain other immovable properties and investments in shares (ICC Division) as a going concern w.e.f. October 01, 2006 to Indofil Organics Industries Ltd (IOIL) for Rs 124.66 crores(arrived at by aggregating tax written down value in case of depreciable assets andnet book values for other assets / liabilities). Sale consideration of Rs 124.66 Croresis being discharged by IOIL by way of: (a) payment of Rs 17.83 crores in cash; (b)taking over the liabilities of Fibres Division of Rs 57.84 Crores and (c) balance saleconsideration of Rs 48.99 Crores has been applied for subscription to 1,17,57,085 fully paid up equity shares of Rs 10 each of IOIL at a premium of Rs 37.23 Crores to be issued and distributed directly to the equity shareholders of the Company. The shareholders of the Company has approved the above transaction of sale of ICC Division and issue of shares to themselves under sections 293(1)(a) and 293(3) respectively of the Companies Act, 1956.

Elque Polyesters - Limited Review For The Quarter Ended Mar 31, 2007

Elque Polyesters Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. Non-provision of interest and other dues to various banks and financial institutions, quantum of which is un-ascertainable.2. Non provision of exchange fluctuation on certain foreign currency assets and liabilities and3. Pursuant to the revival package under consideration by BIFR and other banks and financial institutions and suspension of commercial production by the management the Auditors reserve their comments on the Going concern concept adopted by the Company.

Mafatlal Dyes - Limited Review For The Quarter Ended Mar 31, 2007

Mafatlal Dyes & Chemicals Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:The following qualification made in Audit Report dated August 11, 2006 on the accounts of the previous accounting period from October 01, 2004 to December 31, 2005 have not been disclosed in the unaudited financial results along with the impact of such qualification :1. Non-provision of Rs 2065 lacs for diminution of value of investments in the wholly owned subsidiaries. The accounts of subsidiaries as June 30, 2005, reflect substantial erosion to networth after considering the unprovided diminution in the value of investments held by these Company.2. Non-provision in the accounts for diminution in value of investments aggregation to Rs 146 lakhs in Equity shares of Mahananda Investments Ltd a Wholly owned subsidiary of the Company.3. Non-provision in the accounts for doubtful loans to subsidiary companies aggregation to Rs 200 lakh. There has been a substantial fall in the value of quoted investments held by these subsidiaries, which may lead to substantial erosion in their networth.

Landmarc Leisure - Limited Review For The Quarter Ended Mar 31, 2007

Landmarc Leisure Corporation Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:Subject to (i) the notes to the accounts for the year ended September 30, 2006 and (ii) the notes given in the accompanying tin audited Quarterly Financial results, nothing has come to the Auditors notice that causes them to believe that the accompanying statement of un-audited financial results prepared in accordance with other accounting standards and recognized accounting practices and policies.

Balaji Telefilms Announces Q4 & FY 07 Results

Balaji Telefilms Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 212.782 million for the quarter ended March 31, 2007 as compared to Rs 155.026 million for the quarter ended March 31, 2006. Total Income has increased from Rs 781.400 million for the quarter ended March 31, 2006 to Rs 810.905 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 797.220 million for the year ended March 31, 2007 as compared to Rs 596.428 million for the year ended March 31, 2006. Total Income has increased from Rs 2890.657 million for the year ended March 31, 2006 to Rs 3268.774 million for the year ended March 31, 2007.

D-Link India Announces Q4 & FY 07 Results

D-Link India Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 54.183 million for the quarter ended March 31, 2007 as compared to Rs 49.245 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 741.117 million for the quarter ended March 31, 2006 to Rs 788.540 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 219.272 million for the year ended March 31, 2007 as compared to Rs 232.056 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 2808.897 million for the year ended March 31, 2006 to Rs 2910.334 million for the year ended March 31, 2007.

SBI Announces Q4 & FY 07 Results

State Bank of India (SBI) has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Bank has posted a net profit of Rs 14931.90 million for the quarter ended March 31, 2007 as compared to Rs 8532.90 million for the quarter ended March 31, 2006. Total Income has increased from Rs 111861.00 million for the quarter ended March 31, 2006 to Rs 144357.60 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Bank has posted a net profit of Rs 45413.10 million for the year ended March 31, 2007 as compared to Rs 44066.70 million for the year ended March 31, 2006. Total Income has increased from Rs 434147.70 million for the year ended March 31, 2006 to Rs 452602.80 million for the year ended March 31, 2007.

Chambal Fertilisers Announces Q4 & FY 07 Results

Chambal Fertilisers & Chemicals Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 52.60 million for the quarter ended March 31, 2007 as compared to Rs 272.00 million for the quarter ended March 31, 2006. Total Income (net of excise) has decreased from Rs 5126.70 million for the quarter ended March 31, 2006 to Rs 4970.50 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 1511.30 million for the year ended March 31, 2007 as compared to Rs 2031.20 million for the year ended March 31, 2006. Total Income (net of excise) has decreased from Rs 27572.00 million for the year ended March 31, 2006 to Rs 26136.60 million for the year ended March 31, 2007.

Hero Honda Announces Q4 & FY 07 Results

Hero Honda Motors Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit after tax of Rs 1950.00 million for the quarter ended March 31, 2007 as compared to Rs 2671.90 million for the quarter ended March 31, 2006. Total Turnover (net of excise) has increased from Rs 22989.10 million for the quarter ended March 31, 2006 to Rs 26840.90 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit after tax of Rs 8578.90 million for the year ended March 31, 2007 as compared to Rs 9713.40 million for the year ended March 31, 2006. Total Turnover (net of excise) has increased from Rs 88702.60 million for the year ended March 31, 2006 to Rs 100898.10 million for the year ended March 31, 2007.

CPCL Announces Q4 & FY 07 Results

Chennai Petroleum Corporation Ltd (CPCL) has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 1890.90 million for the quarter ended March 31, 2007 as compared to Rs 292.60 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 55261.90 million for the quarter ended March 31, 2006 to Rs 57589.90 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 5652.70 million for the year ended March 31, 2007 as compared to Rs 4809.60 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 211692.50 million for the year ended March 31, 2006 to Rs 247587.80 million for the year ended March 31, 2007.

Mirc Electronics Announces Q4 & FY 07 Results

Mirc Electronics Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a profit after tax of Rs 51.70 million for the quarter ended March 31, 2007 as compared to Rs 40.30 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 2912.20 million for the quarter ended March 31, 2006 to Rs 3951.80 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a profit after tax of Rs 341.20 million for the year ended March 31, 2007 as compared to Rs 327.90 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 12249.60 million for the year ended March 31, 2006 to Rs 15179.70 million for the year ended March 31, 2007.

Gail India Announces Q4 & FY 07 Results

Gail India Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 6807.30 million for the quarter ended March 31, 2007 as compared to Rs 4092.60 million for the quarter ended March 31, 2006. Total Income has increased from Rs 37442.20 million for the quarter ended March 31, 2006 to Rs 39963.00 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 23866.70 million for the year ended March 31, 2007 as compared to Rs 23100.70 million for the year ended March 31, 2006. Total Income has increased from Rs 149149.50 million for the year ended March 31, 2006 to Rs 165921.30 million for the year ended March 31, 2007.

Welspun-Gujarat Stahl - FY 07 Results On May 14, 2007

Welspun-Gujarat Stahl Rohren Ltd has informed that a meeting of the Board of Directors of the Company will be held on May 14, 2007, inter alia, to consider and approve the audited financial statements for the year ended March 31, 2007 and to consider recommendation of dividend on equity shares.

JB Chemicals - FY 07 Results On May 16, 2007

JB Chemicals & Pharmaceuticals Ltd has informed that a meeting of the Board of Directors of the Company will be held on May 16, 2007, to consider the draft Balance Sheet and Profit & Loss Account for the year ended March 31, 2007 and to recommend the payment of Final Dividend for the year ended 2006-2007.The dates for the purpose of book closure of Register of Members of the Company will also be considered in the same meeting.

Gujarat Industries Announces Q4 & FY 07 Results

Gujarat Industries Power Company Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a profit after tax of Rs 521.20 million for the quarter ended March 31, 2007 as compared to Rs 181.70 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1889.00 million for the quarter ended March 31, 2006 to Rs 2306.20 million for the quarter ended March 31, 2007.The Audited results for the Year ended March 31, 2007 The Company has posted a profit after tax of Rs 1829.20 million for the year ended March 31, 2007 as compared to Rs 1148.10 million for the year ended March 31, 2006. Total Income has increased from Rs 8008.90 million for the year ended March 31, 2006 to Rs 8827.90 million for the year ended March 31, 2007.

GNFC Announces Q4 & FY 07 Results

Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 1121.80 million for the quarter ended March 31, 2007 where as the same was at Rs 933.30 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 8110.90 million for the quarter ended March 31, 2007 where as the same was at Rs 6800.90 million for the quarter ended March 31, 2006.The Audited results for the Year ended March 31, 2007

Aditya Birla Nuvo Announces Q4 & FY 07 Results

Aditya Birla Nuvo Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 622.60 million for the quarter ended March 31, 2007 where as the same was at Rs 566.70 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 8702.90 million for the quarter ended March 31, 2007 where as the same was at Rs 7676.90 million for the quarter ended March 31, 2006.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 2249.70 million for the year ended March 31, 2007 where as the same was at Rs 1869.30 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 34649.80 million for the year ended March 31, 2007 where as the same was at Rs 26654.90 million for the year ended March 31, 2006.

Century Enka Announces Q4 & FY 07 Results

Century Enka Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the quarter ended March 31, 2007The Company has posted a net profit of Rs 13.80 million for the quarter ended March 31, 2007 as compared to Rs 36.60 million for the quarter ended March 31, 2006. Total Income (net of Excise) has decreased from Rs 2620.20 million for the quarter ended March 31, 2006 to Rs 2478.30 million for the quarter ended March 31, 2007.The Audited results for the year ended March 31, 2007The Company has posted a net profit of Rs 167.20 million for the year ended March 31, 2007 as compared to Rs 175.90 million for the year ended March 31, 2006. Total Income (net of Excise) has decreased from Rs 10050.30 million for the year ended March 31, 2006 to Rs 9985.70 million for the year ended March 31, 2007.

I-flex Solutions Announces Q4 & FY 07 Results

i-flex Solutions Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 1271.20 million for the quarter ended March 31, 2007 as compared to Rs 1217.50 million for the quarter ended March 31, 2006. Revenues has increased from Rs 3723.20 million for the quarter ended March 31, 2006 to Rs 4515.90 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 3546.70 million for the year ended March 31, 2007 as compared to Rs 2408.00 million for the year ended March 31, 2006. Revenues has increased from Rs 11538.20 million for the year ended March 31, 2006 to Rs 15523.40 million for the year ended March 31, 2007.

Gillette India Announces Quarter Ended Mar 31, 2007 Results

Gillette India Ltd has announced the following Unaudited results for the quarter ended March 31, 2007:The Company has posted a net profit of Rs 288.10 million for the quarter ended March 31, 2007 as compared to net loss of Rs 15.20 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 449.30 million for the quarter ended March 31, 2006 to Rs 1258.70 million for the quarter ended March 31, 2007.Sharing perspective on the results, Managing Director of the Company, Mr. Shantanu Khosla said, The growth in sales coupled with growing market shares is a testimony to our relentless focus on building our brands. Our transition to the new organization and sales and distribution structure is largely complete, and is delivering results in line with expectations.