GAMMON INDIA LIMITED
Article Abstract:
Gammon India Ltd, construction engineers and contractors of Mumbai, has declared its audited financial results for the year ended March 31, 1998. (khr) --------------------------------------------------------- Audited Financial Results of Gammon India Ltd --------------------------------------------------------- Particulars (Rs in lakh) 1997-98 1996-97 --------------------------------------------------------- Net sales 21565.60 18008.34 --------------------------------------------------------- Other income 42.07 160.64 --------------------------------------------------------- Total expenditure 19453.61 16579.19 --------------------------------------------------------- Interest 747.14 701.82 --------------------------------------------------------- Gross profit after interest 1406.92 887.97 --------------------------------------------------------- Depreciation 390.92 363.40 --------------------------------------------------------- Tax 315.04 70.04 --------------------------------------------------------- Net profit 700.96 454.53 --------------------------------------------------------- Equity share capital 216.38 216.38 --------------------------------------------------------- Reserves 3736.13 3106.22 --------------------------------------------------------- Earnings per share (Rs) 32.39 21.01 ---------------------------------------------------------
Comment:
Posts increase in net profit to Rs700.96 for year ended 3/31/98 vs net profit of Rs454.53 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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AMTREX TO MAKE REFRIGERATION PRODUCTS
Article Abstract:
Amtrex Appliances (AA) which markets air-conditioners in India, has diversified into making refrigeration products including visi coolers, chest coolers and deep freezers. AA plans to set up its new plant at Silvassa at an initial investment of around Rs4 crore. The initial capacity of the plant is likely to be 5,000 units per annum. It plans to take a loan of Rs4,360,000 from the financial institutes towards part financing the project. (gs)
Comment:
Plans to set up its new refrigeration products-plant at Silvassa at an initial investment of around Rs4 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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