ASIAN PAINTS TURNOVER GROWS 15%
Article Abstract:
The gross turnover of Asian Paints Ltd has increased by 15 percent to Rs597.32 crore in the first half of 1998-99. Its net profit has increased to Rs32.32 crore (Rs32.06 crore in the first half of 1997-98). Profit before depreciation, interest and tax was at Rs66.79 crore (Rs62.58 crore). Provision for depreciation has increased by 65 percent to Rs12 crore. Interest charges have increased by 14 percent to Rs11.68 crore. The company has declared an interim dividend of 3.5 percent for 1998-99. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ASIAN PAINTS Q3 NET DROPS TO Rs15.72 CRORE
Article Abstract:
The net profit of Asian Paints Ltd declined to Rs15.72 crore for the quarter ended December 1998 (Rs17.35 crore for the quarter ended December 1997). Its sales increased marginally to Rs259.49 crore (Rs255.89 crore). The fall in profits is attributed to lower realisations from sale of pthalic anhydride. (um)(vr)
Comment:
The net profit of Asian Paints Ltd declined to Rs15.72 crore for the quarter ended December 1998 (Rs17.35 crore for the quarter ended December 1997).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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