GINNI FILAMENTS LIMITED
Article Abstract:
Ginni Filaments Limited (GFL), Chhata, Uttar Pradesh, has declared an interim dividend of 10 percent for 1997-98. GFL, a 100 per cent export oriented unit and a recognised trading has secured ISO 9002 certification. During 1997-98, GFL installed Rs8,050 lakh worth Rotor Spinning Machines and balancing/debottlenecking equipment. It proposes to implement a Rs1,500 lakh modernisation programme. (ag) ------------------------------------------------------------ Audited Financial Performance of Ginni Filaments Limited (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net Sales 9417.90 8985.55 (including stock adjustments) ------------------------------------------------------------ Other Income 103.58 93.51 ------------------------------------------------------------ Total Expenditure 7408.47 7217.62 ------------------------------------------------------------ Interest 646.22 852.21 ------------------------------------------------------------ Gross profit after interest but before depreciation and tax 1466.79 1009.23 ------------------------------------------------------------ Depreciation 504.75 453.91 ------------------------------------------------------------ Tax Provision NIL NIL ------------------------------------------------------------ Net Profit 962.04 555.32 ------------------------------------------------------------ Equity Capital 3300.00 1571.70 ------------------------------------------------------------ Reserves Excluding Revaluation Reserves 4342.07 3508.72 ------------------------------------------------------------
Comment:
Declares interim dividend of 10% for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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L&T POWERS AHEAD WITH 29% RISE IN NET
Article Abstract:
The engineering major, Larsen & Toubro (L&T) recorded a 29 percent growth in net profit and 7 percent rise in sales in 1997- 98. The board has hiked the dividend pay-out from 60 percent in 1996-97 to 65 percent in 1997-98. The company has planned a capital expenditure of Rs250 crore in 1998-99. The bottomline of L&T was boosted by an extraordinary income of Rs108.19 crore and other income of Rs91.58 crore in 1997-98. L&T sold off its equipment unit at Bangalore to a new joint venture, L&T Komatsu Ltd for Rs108 crore and hived off its software division into a wholly-owned subsidiary, L&T information technology. The company has been focusing on engineering and construction, cement, switchgear and construction equipment business. (gsh) ------------------------------------------------------------ Financial Results: Larsen & Toubro (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 5,676.77 5,304.74 ------------------------------------------------------------ Other Income 91.58 87.50 ------------------------------------------------------------ Depreciation 210.27 175.60 ------------------------------------------------------------ Tax 58.60 61.75 ------------------------------------------------------------ Net Profit 531.44 411.35 ------------------------------------------------------------ Equity 248.50 248.49 ------------------------------------------------------------
Comment:
Posts 29% growth in net profit and 7% rise in sales in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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L&T POSTS 60% RISE IN Q3 PROFITS
Article Abstract:
Larsen & Toubro recorded 60% higher net profit at Rs63.56 crore in the third quarter ended December 1998. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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