CENTURY ENKA NET CRASHES BY 75 PERCENT
Article Abstract:
In 1997-98, the net profit of Century Enka declined by 75 percent to Rs7.8 crore (Rs31.06 crore in 1996-97) on a 36 percent increase in turnover to Rs725 crore (Rs535 crore). but the gross profit of the company increased by 12 percent to Rs83.57 crore during the year. With lower profits, the company has not declared any final dividend. In November 1997, it had announced an interim dividend of Rs1.8 per equity share of Rs10. Century Enka's offtake of tyre yarn and tyre cord fabrics dropped by around 12 percent in 1997-98 compared to 1996-97. (gsh)
Comment:
Firm's net profit for 1997-98 drops by 75% to Rs7.8 crore on a 36% increase in turnover to Rs725 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SRF's OUTLOOK REMAINS CLOUDY
Article Abstract:
SRF, a manufacturer of nylon tyre cord, has been adversely affected by cheaper imports from south-east Asia and reduced demand from the automotive tyre segment. The company increased its profits by Rs17 crore in 1997-98, mainly due to a change in accounting related to depreciation and deferred revenue expenditure write-off. It has given a commitment to the government that it will earn up to $38 million from exports through its export oriented unit. (khr)
Comment:
Increases profits by Rs17 crore in 1997-98, mainly due to change in accounting related to depreciation, etc
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SOUTH INDIA GREW 3 PERCENT LESS TEA IN 1998
Article Abstract:
South India's tea production declined by about 3 percent to 199.21 million kg in 1998 against 204.81 million kg in 1997. The decline in the output is entirely due lower production in the tea gardens of Tamil Nadu, which produced 123.54 million kg in 1998 against 130.05 million kg in 1997. Kerala's tea output improved to 70.13 million kg from 69.35 million kg while output from Karnataka increased to 5.54 million kg from 5.41 million kg. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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