CHESLIND TEXTILES LIMITED
Article Abstract:
Cheslind Textiles Ltd of Bagalur in Tamil Nadu has declared its audited financial results for the year ended March 31, 1998. It has recommended a dividend of 10 to the equity share holders for 1997-98. (khr) --------------------------------------------------------- Audited Financial Results of Cheslind Textiles Ltd --------------------------------------------------------- Particulars (Rs in lakh) 1997-98 1996-97 --------------------------------------------------------- Net sales 5914.36 5607.59 --------------------------------------------------------- Other income 76.72 56.64 --------------------------------------------------------- Total expenditure 4566.97 4423.21 --------------------------------------------------------- Interest 390.88 427.30 --------------------------------------------------------- Gross profit after interest 1033.23 813.72 --------------------------------------------------------- Depreciation 318.62 302.98 --------------------------------------------------------- Net profit 714.61 510.74 --------------------------------------------------------- Equity share capital 2009.39 1887.50 --------------------------------------------------------- Reserves 1464.36 902.79 --------------------------------------------------------- Earnings per share (Rs) 3.56 2.70 ---------------------------------------------------------
Comment:
Reports increase in net profit to Rs714.61 lakh for year ending 3/31/98 from Rs510.74 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GTN TEXTILES LIMITED
Article Abstract:
GTN Textiles Limited of Mumbai has declared its audited financial results for 1997-98. (ag) ------------------------------------------------------------ Audited Financial Performance of GTN Textiles Limited (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Total Income 15411 12110 ------------------------------------------------------------ Profit before depreciation and tax 3193 2550 ------------------------------------------------------------ Cash profit 1987 1641 ------------------------------------------------------------ Profit before tax 1129 1008 ------------------------------------------------------------ Provision for tax 1054 1008 ------------------------------------------------------------ Equity capital 914 914 ------------------------------------------------------------ Reserves (excluding revaluation reserves) 10023 9495 ------------------------------------------------------------ Dividend (%) 35 35 ------------------------------------------------------------
Comment:
Posts 1997-98's total income to Rs15411 lakh & pre-tax & pre-depreciation profit to Rs3193 lakh from Rs2550 lakh
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CENTURY TEXTILES' LOSS MOUNTS 81%
Article Abstract:
Century Textiles and Industries Ltd (CTIL) has recorded 81 percent rise in its net loss to Rs38.58 crore during April- September 1998 (Rs21.18 core during April-September 1997). During this period, the net sales grew to Rs988.71 crore (Rs964.56 crore) while the interest cost grew by 6 percent to Rs106.09 crore. The other income fell by 17 percent to Rs22.41 crore, while the gross profit after interest but before depreciation and taxation fell by 31 percent to Rs33.63 crore. It incurred a three percent rise in the depreciation to Rs72.09 crore. (ag)
Comment:
Century Textiles and Industries Ltd (CTIL) has recorded 81 percent rise in its net loss to Rs38.58 crore during April- September 1998 (Rs21.18 core during April-September 1997).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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