FINOLEX CABLES LIMITED
Article Abstract:
Finolex Cables Ltd of Pune has declared its audited financial results for the year ended March 31, 1998. The company has recommended a dividend of 60 percent for 1997-98 against a 55 percent dividend paid in 1996-97. (khr) --------------------------------------------------------- Audited Financial Results of Finolex Cables Ltd --------------------------------------------------------- Particulars (Rs in million) 1997-98 1996-97 --------------------------------------------------------- Net sales 4394.6 4640.0 --------------------------------------------------------- Other income 213.9 165.7 --------------------------------------------------------- Total expenditure 3540.8 3736.5 --------------------------------------------------------- Interest 236.9 213.5 --------------------------------------------------------- Gross profit after interest 830.8 855.7 --------------------------------------------------------- Depreciation 131.6 151.9 --------------------------------------------------------- Tax 213.0 220.0 --------------------------------------------------------- Net profit 486.2 483.8 --------------------------------------------------------- Equity share capital 180.5 180.5 --------------------------------------------------------- Reserves 5029.0 4661.9 --------------------------------------------------------- Earnings per share (Rs) 26.9 26.8 ---------------------------------------------------------
Comment:
Posts net sales of Rs4394.6 mil for year ended 3/31/98, down compared to Rs4640.0 mil in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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FINOLEX CABLES RAISES DIVIDEND TO 60%
Article Abstract:
Finolex Cables (FC) of Pune has raised its dividend from 55 percent in 1996-97 to 60 percent in 1997-98. FC has posted a net profit of Rs49 crore for the year (Rs48 crore in 1996-97). Its turnover dropped by 4 percent to Rs439 crore (Rs464 crore). Its other income was Rs21 crore (Rs17 crore) and interest cost was Rs24 crore (Rs21 crore). It provided Rs13 crore for depreciation (Rs15 crore) and Rs21 crore for income tax (Rs22 crore). (gs)
Comment:
Posts net profit of Rs49 crore in 1997-98, as against Rs48 crore in 1996-97, & decline in turnover by 4% to Rs439 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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FINOLEX CABLES LIMITED
Article Abstract:
Finolex Cables Limited (FCL) of Pune is an IS/ISO 9002 company. It produces telecommunication and light duty Cables. FCL has published its unaudited financial results for the quarter ended December 31, 1998. (ag)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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