HINDUSTAN MOTORS LIMITED
Article Abstract:
Hindustan Motors Ltd of Calcutta has declared its unaudited financial results for the quarter ended June 30, 1998. (khr) --------------------------------------------------------- Unaudited Financial Results of Hindustan Motors Ltd --------------------------------------------------------- Particulars Quarter ended Year ended (Rs in lakh) 30.6.1998 31.3.1998 --------------------------------------------------------- Net sales 21251 100348 --------------------------------------------------------- Other income 83 901 --------------------------------------------------------- Total expenditure 19454 88091 --------------------------------------------------------- Interest 1594 5832 --------------------------------------------------------- Gross profit after interest 286 7326 --------------------------------------------------------- Depreciation 594 2496 --------------------------------------------------------- Tax - 895 --------------------------------------------------------- Net profit -308 3935 --------------------------------------------------------- Equity share capital 10757 10757 --------------------------------------------------------- Reserves - 16911 ---------------------------------------------------------
Comment:
Posts net profit of Rs3935 lakh for FY 1997-1998
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HINDUSTAN MOTORS - ON A LONG HAUL
Article Abstract:
Hindustan Motors plans to float a rights issue. The issue will have two options for shareholders. The first option will involve the issue of 5,374,300 fully convertible debentures (FCDs) of Rs100 each at par for cash. The 16 percent FCDs will be offered in the ratio one FCD for every 20 equity shares held in the company. The second option will allow the shareholders to acquire 5,374,300 equity shares of Rs10 in the ratio of 1:2. The funds raised will be used to finance its Lancer car project, production of Rural Transport Vehicle and for modernisation as well as capacity expansion of its existing divisions. These projects are expected to cost Rs503.22 crore. (ag)
Comment:
Plans to float rights issue that will have two options for shareholders
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
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