Kodak India Net Profit up 36.8 per cent to Rs.34.1 crores
- Total sales rise 17.4 percent to Rs.667.44 crores
"Pays Final Dividend of Rs.7 per share.

February 20,2001: Kodak India Limited, the leading imaging company, has reported excellent financial performance for the year ended December 2000 with a 36.8 percent rise in Net Profit to Rs.34.1 crores as compared to Rs. 24.92 crores during the corresponding period last year.

The Board of Director of Kodak India today recommended a Final Dividend of Rs. 7.00 per share (including Rs.3.85 per share as Special dividend). The company has already paid in term dividend of Rs.3.00 per share. The total dividend, thus works out to Rs.10 per share for 12-month period ending December 2000.

The company has recorded robust top line growth during the year with substantial rise in sales at Rs. 667.44 crores compare to Rs.568.42 crores (Excluding Graphic Art Products Sales).During the previous year indicating a 17.4 per cent growth. The entire core business units - Consumer Imaging, Kodak Professional, Entertainment Imaging, Health Imaging and Digital and Applied Imaging - Have reported very impressive performance during the year.

Mr.R.S. Mani, Manging Director,Kodak India Ltd. Said " The company has performed exceedingly well during 2000,owing to higher price realizations for key products, strong control on administration and distribution costs and reduced interest costs. We have reaffirmed our leadership position."

" In our efforts towards continuous improvement the company has invested Rs. 10.8 crores to upgrade our information systems, manufacturing facilities and warehouse to world class standards ", Mr. Mani said.

The consumer imaging Business Unit, the largest business segment of the company, grew by over 22 percent, particularly in colors negative paper and negative films coupled with introduction of new models of cameras and Kodak Express program.

The new stylishly designed and superior automatic camera KE60 and Kodak Max (400 speed film) were launched during the year .The domestic sales of KB10 the undisputed leader in the market, has crossed one million mark till date and has made India the third largest camera selling 106 new outlets 67 Minilabs and 256 Kodak Picture Makers were sold during the year.

The Kodak Professional Business Unit has also contributed significantly to the topline growth with increased sale of Enlargement paper. A total of seven LED printers were sold during the year. The Kodak Picture Perfect Program, Visual Marketing Center and two new models of Kodak Large Format Inkjet Printers were launched during the year.

The Entertainment Imaging Business unit continues to report excellent growth in its Vision Film segment, with the improved contribution to the company's overall growth. Mohabbatein and Mission Kashmir were some of the prominent movies shot and printed on Vision Film.

The Health Imaging Business unit continued to report excellent growth. Digital and Applied imaging grew by 191 per cent with the recent additions of DC 4800 and DC 5000 and Silver and Gold CDs.

The Camera plant in Banglore scaled new heights by producing more than one million cameras in 2000 with exports rising 65 per cent to 3.32 lakh cameras.

The Goa plant has commenced finishing of Industrial X-ray films, in addition to the existing portfolio. The plant received the ISO 14001 certification this year in addition to successfully renewing the ISO9002 certificate.

Issued on behalf of Kodak India Ltd. by:
Girish Dikey / Jatin Aggarwal
Sampark Communication Pvt. Ltd.
Tel : 2025550 ; fax : 2845550

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