CENTURY TEXTILES
Article Abstract:
FCentury Textiles (CT) is the flagship firm of the BK Birla group. While textiles is its main business, it also produces cement and paper. Its textile business has been hit by the high price of cotton. Its paper business has been hit by global recession in the industry. The cement industry in India has been hit by excess capacity and the slowdown in infrastructure projects. CT operates 5 cement plants with an aggregate production capacity of 4.7 million tonnes per annum. It incurred a net loss of Rs867 million in 1997-98. Fir CT, 1998-99 is also expected to be bad. The CT scrip is being traded at Rs31.66. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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REVATHI-CP EQUIPMENT TO PAY 40%
Article Abstract:
Revathi-CP Equipment Ltd has announced a 40 percent interim dividend for 1998-99. The company registered a net profit of Rs4.22 crore on net sales of Rs14.94 crore in the quarter ended December 31, 1998. Its total expenditure increased to Rs10.36 crore while interest cost was Rs8 lakh. The company has posted a net profit of Rs10.80 crore on net sales of Rs50.72 crore for the nine months ended December 31, 1998. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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