ASHOK POLYMER - ONLY SPINNING YARNS
Article Abstract:
Ashok Polymer, a producer of woven sacks, has disappointed its investors both in terms of performance and the performance of its scrip in the stock exchanges. The investors who had subscribed to Ashok Polymer's 1996 public issue, are not able to move out of the company as its scrips are seldom traded in the stock exchanges. Ashok Polymer had floated a Rs2.55 crore issue to partly fund the second phase of its Rs2.80 crore expansion plan involving implementation of a production capacity of 1054 tonnes of HDPE/PP woven sacks. The lack luster performance of Ashok Polymer is attributed to the poor conditions prevailing in the woven sack industry. (ag) ------------------------------------------------------------ Financial Results: Ashok Polymers (Rs in crore) ------------------------------------------------------------ Particulars 1996-97 1997-98 ------------------------------------------------------------ Sales 5.46 9.63 ------------------------------------------------------------ PBDIT 0.39 0.86 ------------------------------------------------------------ Interest 0.10 0.40 ------------------------------------------------------------ PBDT 0.29 0.46 ------------------------------------------------------------ Depreciation 0.07 0.15 ------------------------------------------------------------ PBT 0.22 0.31 ------------------------------------------------------------ Tax 0.03 0.03 ------------------------------------------------------------ Net Profit 0.19 0.28 ------------------------------------------------------------
Comment:
Posts sales of Rs9.63 crore for year ended 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TURNAROUND TALE
Article Abstract:
Alfa Laval India Ltd is expected to make a turnaround in 1998-99. In 1997-98, it made a profit of Rs3.23 crore against a loss of Rs26.69 crore in 1996-97. Implementing voluntary retirement schemes, it has reduced the staff by 500 to 900 employees. It has closed down its unproductive units. It has reduced loans. Its interest cost fell to Rs4.82 crore in 1997-98 from Rs8.91 crore in 1996-97. It has orders worth more than Rs100 crore now. Its exports are likely to net Rs12-13 crore in 1998-99. It manufactures food processing machinery. (rk) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SWARAJ ENGINES NET PROFIT JUMPS 80%
Article Abstract:
Swaraj Engines Ltd has posted a 80 percent rise in its net profit during the quarter ended December 1998. Its earnings per share increased to Rs35.75 (Rs19.81 during the quarter ended December 1997). (ag)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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