MIRZA TANNERS LIMITED
Article Abstract:
Mirza Tanners Ltd of Kanpur has declared its audited financial results for the year ended March 31, 1998. It has paid an interim dividend of 40 percent for 1997-98. It has posted an actual income of Rs9,379 lakh against a projection of Rs4,681 lakh for 1997-98. Its net profit was Rs1,181 lakh against a projection of Rs903 lakh. Its earning per share was Rs14.50 against a projection of Rs11.09. It has a paid-up equity share capital of Rs814 lakh now. (khr) ------------------------------------------------------------ Audited financial results of Mirza Tanners Ltd (Rs in lakh) ------------------------------------------------------------ Particulars 6 months ended March 31 Year ended 1998 1997 31/3/1998 ------------------------------------------------------------ Net sales 5,207 3,714 9,385 ------------------------------------------------------------ Other income -6 5 -6 ------------------------------------------------------------ Expenditure 4,047 2,869 7,622 ------------------------------------------------------------ Interest 238 256 428 ------------------------------------------------------------ Post-interest gross profit 916 594 1,329 ------------------------------------------------------------ Depreciation 66 60 126 ------------------------------------------------------------ Tax 9 56 9 ------------------------------------------------------------ Net profit 828 377 1,181 ------------------------------------------------------------ Equity 814 814 814 ------------------------------------------------------------
Comment:
Pays interim dividend of 40% for 1997-98, & posts actual income of Rs9,379 lakh against projection of Rs4,681 lakh for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MIRZA TANNERS OF KANPUR COMES OF ITS OWN
Article Abstract:
Mirza Tanners of Kanpur, a leather footwear manufacturer, has emerged as one of the leaders in the leather sector. Mirza has announced an interim dividend of Rs5 per share. In the first half of 1998-99 the company posted a net profit of Rs5.8 crore on a turnover of Rs48 crore. Mirza will enhance its capacity by commissioning its third shoe factory at Noida. The capacity of the unit will be one million shoe pairs per annum. In the third quarter of 1998-99 it hopes to report a turnover close to Rs30 crore. The net profit is expected to be Rs5 crore. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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PROFITS UP FOR MIRZA TANNERS
Article Abstract:
Mirza Tanners Ltd, an exporter of leather footwear, has posted an increase of 10 percent in turnover to Rs20 crore in the first quarter of 1998-99. Its net profit has increased by 86 percent to Rs2.89 crore. The company is expected to post a net profit of Rs16-18 crore on a turnover of over Rs100 crore in 1998-99. The company's Red Tape and Oakridge brands have been performing well in the domestic and overseas markets. (khr)
Comment:
Is expected to post net profit of Rs16-18 crore on turnover of over Rs100 crore in 1998-99
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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