Williamson Magor & Company (WILLMOGR) is engaged primarily in the business of investing and lending funds. It was established on Mar. 10, 1949 and got its present name on May 12, 1992. The company is a part of the Williamson Magor group, which has grown to become the world`s largest producer of tea having 28 tea estates with an output of 35 million Kgs of tea per year. At present, the company is operating in real estates through its subsidiary, Woodside Park, which earns mainly from property rentals and dividends from investments apart from trading and tea warehousing.
Majerhat Estates & Developers is another subsidiary of the company. In FY`07, a memorandum of understanding (MOU) was signed with Dl Oils Trading, a UK-based company to form a 50:50 joint venture, Dl Williamson Magor Bio Fuel, to facilitate the development of Jatropha oil seeds through contract farming operations for the production of bio-diesel. The plantation activities are expected to yield results from 2009 onwards. The registered office is located at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata-700001. Financials The company disclosed rise of 727.66% in standalone net profit on y-o-y basis to Rs 29.50 million, while total income climbed 3.31% y-o-y basis to Rs 65.60 million for the quarter ended September 2010.
Majerhat Estates & Developers is another subsidiary of the company. In FY`07, a memorandum of understanding (MOU) was signed with Dl Oils Trading, a UK-based company to form a 50:50 joint venture, Dl Williamson Magor Bio Fuel, to facilitate the development of Jatropha oil seeds through contract farming operations for the production of bio-diesel. The plantation activities are expected to yield results from 2009 onwards. The registered office is located at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata-700001. Financials The company disclosed rise of 727.66% in standalone net profit on y-o-y basis to Rs 29.50 million, while total income climbed 3.31% y-o-y basis to Rs 65.60 million for the quarter ended September 2010.
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