NEULAND LABORATORIES LIMITED
Article Abstract:
Neuland Laboratories Limited, a pharmaceutical company, has announced its audited financial results for 1997-98 and unaudited provisional financial results for the first three months of 1998- 99. The company has declared a 16 percent dividend on equity share capital and 14.5 percent dividend on cumulative redeemable preference capital. (gs) --------------------------------------------------------- Audited Financial Performance of Neuland Laboratories Limited (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 First 3 months (FY) (FY) of 1998-99 (unaudited) --------------------------------------------------------- Net sales 5,732.76 6,208.21 1,603.44 --------------------------------------------------------- Other Income 118.01 63.50 62.04 --------------------------------------------------------- Total Expenditure 4,871.03 5,166.72 1,390.76 --------------------------------------------------------- Profit before depreciation and tax 979.74 1,104.99 262.47 --------------------------------------------------------- Interest 558.85 698.74 136.81 --------------------------------------------------------- Profit before depreciation, after interest 420.89 406.25 125.66 --------------------------------------------------------- Depreciation 200.46 176.24 52.01 --------------------------------------------------------- Provision for tax 18.00 23.78 - --------------------------------------------------------- Net Profit 202.43 212.23 85.90 --------------------------------------------------------- Paid-up Equity 416.52 411.13 416.62 capital --------------------------------------------------------- Paid-up preference 300.00 0.00 300.00 capital --------------------------------------------------------- Reserves excluding 2,166.75 2,006.01 - revaluation reserves including share premium --------------------------------------------------------- Dividend (%) 16.00 18.00 - --------------------------------------------------------- EPS (in Rs) 4.86 5.16 - ---------------------------------------------------------
Comment:
Posts decrease in net profit to Rs202.43 lakh for fiscal year 1997-98 vs net proft of Rs212.23 lakh for 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TAMILNADU PETROPRODUCTS LIMITED
Article Abstract:
Tamilnadu Petroproducts Limited (TPL) has failed to achieve its projected sales and service earnings for 1997-98. As against the projected sales and service earnings of Rs38,560 lakh, it achieved earnings of only Rs36,251 lakh. The actual profit was at Rs3,727 lakh against the projected profit of Rs3,876 lakh. Earnings per share (EPS) was at Rs4.30 against the projected EPS of Rs4.35. It has recommended a dividend of 22 percent against a projected dividend of 17 percent. (gs) --------------------------------------------------------- Audited Financial Results: Tamilnadu Petroproducts Limited (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Sales & Services 36,215 38,724 excluding excise duty --------------------------------------------------------- Other Income 176 176 --------------------------------------------------------- Total Expenditure 26,550 28,600 --------------------------------------------------------- Interest (Net) 2,311 2,648 --------------------------------------------------------- Gross profit after interest 7,566 7,652 before depreciation and tax --------------------------------------------------------- Depreciation 2,564 2,717 --------------------------------------------------------- Provision for tax 1,275 640 --------------------------------------------------------- Net Profit 3,727 4,295 --------------------------------------------------------- Paid-up equity share capital 8,667 8,654 --------------------------------------------------------- Reserves excluding revaluation reserves 21,313 19,668 ---------------------------------------------------------
Comment:
Achieves earnings of only Rs36,251 lakh as against the projected sales and service earnings of Rs38,560 lakh for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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