LMW NET RISES 9% DESPITE LOWER SALES
Article Abstract:
Lakshmi Machine Works Ltd, a textile machinery producer of Coimbatore, has increased its net profit by 9 percent to Rs25.90 crore in 1997-98 (Rs23.78 crore in 1997-96) although its net sales decreased to Rs514.20 crore (Rs538.93 crore). Its other income rose to Rs16.66 crore (Rs13.97 crore) while total expenditure was Rs436.51 crore (Rs442.05 crore). Its depreciation was Rs48.88 crore (Rs61.75 crore) while tax was Rs13.25 crore (Rs17 crore). The company has doubled its equity to Rs12.19 crore after issuing a 1:1 bonus in 1997-98. It has recommended a dividend of 30 percent for 1997-98 against a dividend of 60 paid in 1996-97. (khr)
Comment:
Increases net profit by 9% to Rs25.90 crore in 1997-98 compared to Rs23.78 crore in 1997-96
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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UNICHEM NET RISES 15%, TO PAY 50% DIVIDEND
Article Abstract:
The net profit of Unichem Laboratories has increased by 15 to Rs4.01 crore in 1997-98 against Rs3.48 crore in 1996-97. It has maintained a 50 percent dividend for 1997-98. Its net sales increased by 9 percent to Rs158.87 crore from Rs145.45 crore, depreciation increased to Rs4.15 crore from Rs2.77 crore while tax increased to Rs1.25 crore from Rs0.53 crore. The company's formulation units at Goa is now fully operational while its antibiotics unit at Baddi in Himachal Pradesh started production in March 1998. (khr)
Comment:
Posts 15% increase in net profit to Rs4.01 crore in 1997-98 against Rs3.48 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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