DEEPAK NITRITE BOUNCES BACK
Article Abstract:
Deepak Nitrite Ltd has achieved a turnaround by posting a net profit of Rs5.84 crore for 1997-98. The company has recommended a dividend of 18 percent for the year. The company had modernised its nitrite division in 1997-98 and earned an increased turnover from its nitroaromatics division. (gs) --------------------------------------------------------- Financial Performance of Deepak Nitrite Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net Sales 153.69 125.18 --------------------------------------------------------- Gross Profit after interest 12.63 2.06 --------------------------------------------------------- Depreciation 4.92 4.24 --------------------------------------------------------- Tax 0.58 nil --------------------------------------------------------- Earnings per share (Rs) 10.15 NA --------------------------------------------------------- NA = not available ---------------------------------------------------------
Comment:
Achieves turnaround by posting net profit of Rs5.84 crore for 1997-98 & recommends a dividend of 18% for the year
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DGP WINDSOR BACK IN THE BLACK
Article Abstract:
DGP Windsor India Ltd (DWIL) has posted a 20 percent increase in sales to Rs120 crore for the year ended June 1998. It has posted a net profit of Rs2 crore (net loss of Rs2.91 crore in 1996-97). Its exports generated Rs42 crore in 1997-98 (Rs27 crore). DWIL produces plastic machinery with a market share of 80 percent. It had undertaken a restructuring by reducing costs, inventories and employees to improve its performance. It has an alliance with the Sumitomo group of Japan for its machine making technology. (rk)
Comment:
Posts 20% increase in sales to Rs120 crore for year ended 6/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DEEPAK FERTILISERS DEBENTURE
Article Abstract:
The LA+ rating assigned to the Rs100 crore debenture issue of Deepak Fertilisers and Petrochemicals Corporation has been upgraded by Icra to LAA-. Expected improvements in profitability of the fertiliser business due to the recent changes in the pricing structure for phosphatic fertilisers has been factored in the upgrading. (khr)
Comment:
The LA+ rating assigned to the Rs100 crore debenture issue of Deepak Fertilisers and Petrochemicals Corporation has been upgraded by Icra to LAA-.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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