ICL POSTS Rs754-Cr TURNOVER FOR 9 MONTHS, NETS Rs29 Cr
Article Abstract:
India Cements Ltd (ICL), a cement producer, has reported a sales of Rs754.03 crore during the nine months ended December 31, 1998 (Rs927.31 crore during 1997-98). During the period, the net profit was Rs28.73 crore (Rs58.26 crore). ICL also posted a 19.3 percent rise in its operating profit to Rs176.06 crore (Rs196.77 crore). The interest expenditure for the period grew by 58 percent to Rs99.29 crore. The rise in the interest expenditure is attributed to huge investments made for buying cement assets. The depreciation was Rs48.04 crore. ICL did not provide for taxation during the period. During the nine months ended December 31, 1998, ICL produced 22.98 lakh tonnes of clinker (21.84 lakh tonnes) and 25.94 lakh tonnes of cement (22.38 lakh tonnes). It sold 26.45 lakh tonnes of cement (22.11 lakh tonnes). (ag)(m)
Comment:
India Cements Ltd (ICL), a cement producer, has reported a sales of Rs754.03 crore during the nine months ended December 31, 1998 (Rs927.31 crore during 1997-98).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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PENTAFOUR PRODUCTS NET DOWN TO Rs29 CRORE
Article Abstract:
Pentafour Products Ltd has posted a drop in net profit to Rs29.03 crore in 1997-98 (Rs34.66 crore in 1996-97). Gross profit was Rs59.89 crore (Rs57.49 crore). Interest charges were Rs20.10 crore (Rs12.31 crore). Depreciation was Rs9.25 crore (Rs8.44 crore). Provision for tax was Rs1.5 crore (Rs2.08 crore). The company plans to raise the capacity of the acid plant by 50 percent to 3,000 tonnes at a cost of Rs6 crore. It plans to supply food grade phosphoric acid from its export unit at Cuddalore to multinational company, Coca-Cola. (gs)
Comment:
Posts drop in net profit to Rs29.03 crore in 1997-98 vs Rs34.66 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MARICO IND POSTS Rs29-CR NET
Article Abstract:
Marico Industries Ltd has posted a net profit of Rs29.2 crore on sales of Rs401.3 crore for the nine months ended December 31, 1998. Its earnings per share increased to Rs20 from Rs15.4. The company says that volume growth was shown by its brands - Parachute, Sweekar, Marico's Hair and Care, Revive and SIL. The company has formed a marketing and distribution alliance with Indo Nissan Foods for the Top Ramen brand of instant noodles. (khr)
Comment:
Marico Industries Ltd has posted a net profit of Rs29.2 crore on sales of Rs401.3 crore for the nine months ended December 31, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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