GUPTA CARPETS INTERNATIONAL-ON SHAKY GROUNDS
Article Abstract:
Gupta Carpets International (GCI) has failed to meet the projections made at the time of its public issue. GCI had floated a Rs9.14 crore public issue at a premium of Rs7 in March 1996. GCI is involved in the exports of handmade carpets and druggets. The funds from the issue were to be utilised for setting up a project to manufacture cotton bath rugs. The proposed project was expected to have the capacity of 945,388 meter per annum. The company has not been traded at the bourses. GCI posted a net loss of Rs1.32 crore for 1996-97 against a projected net profit of Rs4.64 crore. Its scrip is priced at Rs2. (gs)
Comment:
Posts net loss of Rs1.32 crore for 1996-97, as against projected net profit of Rs4.64 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
SHASUN CHEMICALS H1 UP AT Rs3.03 CR
Article Abstract:
Shasun Chemicals and Drugs Ltd has posted a higher net profit of Rs3.03 crore in the first half of 1998-99 while its turnover has reduced to Rs77.43 crore against Rs81.15 crore in the first half of 1997-98. The company says that its net profit has grown due to increase in the prices of Ibuprofen in the domestic markets and a higher realisation on exports. Its interest cost declined to Rs5.69 crore from Rs5.84 crore while depreciation increased to Rs2.40 crore from Rs1.80 crore. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
RAJNEESH GUPTA NEW VSNL DIRECTOR
Article Abstract:
The Board of the Videsh Sanchar Nigam Ltd (VSNL) has appointed Mr Rajneesh Gupta as its Director (network). The post has been created for the first time by VSNL. Earlier, Mr Gupta was the General Manager of the Mahanagar Telephone Nigam Ltd and was handling the planning and procurement of hi-tech systems. Mr Gupta will be working in Calcutta. (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: GAUTIER INDIA TO LAUNCH FURNITURE FOR ENTERTAINMENT. GAUTIER LAUNCHES NEW RANGE GROUPE SERIBO TO HOLD 50% EQUITY STAKE IN GAUTIER INDIA
- Abstracts: PREFERRED DESTINATION APTECH TO FOCUS ON SOFTWARE DEVELOPMENT IL&FS VENTURE CAP TO INVEST IN MANMAR TECHNOLOGIES
- Abstracts: CORPORATE PROFILES: SAI INFORMATION SYSTEMS PRIVATE LIMITED CORPORATE PROFILES: RUKSUN SOFTWARE TECHNOLOGIES PRIVATE LIMITED
- Abstracts: RIZVI GROUP PLANS TO SET UP SOFTWARE SUBSIDIARY IN US KIRLOSKARS SEEK TO SET UP SOFTWARE Co IN US
- Abstracts: ADDING COLOUR TO WHITE GOODS. CTV SALES HIT AS SCHEMES COME UNDER SCRUTINY