BPL SANYO TECHNOLOGIES SEES PROFIT SLUMP 53%
Article Abstract:
BPL Sanyo Technologies (BST), recorded 53.2 percent decline in net profit and 2.27 percent decline in turnover during 1997-98. The paid-up share capital of the company is estimated at Rs17.59 crore. BST manufactures radio cassette recorders, television sets, audio deck mechanism and other consumer goods (gsh) --------------------------------------------------------- Financial Results-BPL Sanyo Technologies (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Sales 162.62 166.41 --------------------------------------------------------- Profit available for appropriation 8.42 7.85 --------------------------------------------------------- Gross Profit 23.57 23.98 --------------------------------------------------------- Net Profit 2.32 4.96 ---------------------------------------------------------
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Posts 53.2% decline in net profit & 2.27% decline in turnover during 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SAMSUNG (I) NETS MAIDEN PROFIT
Article Abstract:
Samsung India Electronics Limited has recorded its maiden profit in India during its third year of its operation. It is expecting a profit of Rs5 crore for the year 1998. It achieved a turnover of Rs540 crore, which is 37 percent higher compared to 1997 turnover. During 1999, the company intends to achieve a profit of Rs16 crore over a turnover of Rs900 crore. It is aiming to be one of the top three consumer electronic companies. Around 20 percent of the companies turnover comes from whitegoods while rest 80 percent is from colour televisions. It is trying to increase the whitegoods turnover to 35 percent. For this, it is planning to introduce new low and middle- end refrigerators, semi-automatic washing machine and air conditioners during 1999. It commands 10 percent of the domestic colour TV market and aims to increase it to 12 percent by the end of 1999. (um)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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PHILIPS INDIA IN THE BLACK
Article Abstract:
Philips India Ltd posted profit of Rs12 crore for the year ended December 1998 against a loss of Rs14.1 crore in 1997. However, the sales growth has not been encouraging. The sales grew by 7 percent at Rs1,674.3 crore (Rs1,572.7 crore for the year ended December 1997). The interest charges were marginally lower at Rs35 crore (Rs36 crore). Depreciation increased to Rs3.27 crore (Rs3.14 crore). Exceptional item (expense/income) reduced to Rs30.7 crore (Rs64.2 crore). The company spent Rs8.9 crore on restructuring of consumer electronics factory at Calcutta. Insurance claims were estimated at Rs3.4 crore. Employees' voluntary retirement scheme cost Rs22 crore for the company. It has announced a dividend of Rs1.5 (Rs1). (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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