BOMBAY DYEING & MANUFACTURING COMPANY LIMITED
Article Abstract:
Bombay Dyeing & Manufacturing Company Limited, Mumbai, has posted a net profit of Rs23.02 crore for 1997-98. The decline in profitability is attributed to dumping of purified terephthalic acid from Southeast Asia. During the first half of 1997-98 production was affected due to a fire at its di-methyl terephthalate plant. The performance of its textile division has improved. (rk) --------------------------------------------------------- Audited Financial Results of Bombay Dyeing & Manufacturing Company Limited (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 906.64 989.59 --------------------------------------------------------- Other income 117.50 143.90 --------------------------------------------------------- Total expenditure 887.44 946.78 --------------------------------------------------------- Gross profit 136.70 186.71 --------------------------------------------------------- Interest 63.53 103.76 --------------------------------------------------------- Gross profit 73.17 82.95 --------------------------------------------------------- Depreciation 48.15 47.25 --------------------------------------------------------- Taxation 2.00 - --------------------------------------------------------- Net profit 23.02 35.70 --------------------------------------------------------- Equity 40.86 39.66 ---------------------------------------------------------
Comment:
Posts net profit of Rs23.02 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BOMBAY DYEING NET AT Rs3.11 CR
Article Abstract:
The Bombay Dyeing & Manufacturing Co Ltd made a net profit of Rs3.11 crore in the quarter ended December 1998. Its net sales were Rs199.25 crore. Its other income was Rs25.26 crore. Its post-interest gross profit was Rs17.23 crore. Its voluntary retirement compensation was Rs1.05 crore. Its di-methyl terephthalate (DMT) plant remained closed for 8 days in December 1998 for annual maintenance. Prices and margins of petro-chemicals suffered due to low-cost imports from south- east Asian countries. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BOMBAY DYEING CALLS OFF JV WITH FIELDCREST CANNON
Article Abstract:
Bombay Dyeing of the Nusli Wadia group has called off its proposed joint venture terry towel project with Fieldcrest Cannon of the US as the latter has been taken over by Pillotex of the US. Bombay Dyeing and Fieldcrest Cannon had earlier signed a memorandum of understanding to set up a Rs119 crore project. Bombay Dyeing is now negotiating with Pillotex to set up a joint venture to produce a range of products including terry towels, bed and bath linen. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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