PHILLIPS CARBON BLACK LIMITED
Article Abstract:
Phillips Carbon Black Ltd of Calcutta has declared its unaudited financial results for the quarter ended June 30, 1998. (khr) --------------------------------------------------------- Unaudited Financial Results of Phillips Carbon Black Ltd --------------------------------------------------------- Particulars Quarter ended Year ended (Rs in lakh) 30.6.1998 31.3.1998 --------------------------------------------------------- Net sales 6969 24301 --------------------------------------------------------- Other income 50 593 --------------------------------------------------------- Total expenditure 6013 20442 --------------------------------------------------------- Interest 755 2502 --------------------------------------------------------- Gross profit after interest 251 1950 --------------------------------------------------------- Depreciation 201 522 --------------------------------------------------------- Tax 0 595 --------------------------------------------------------- Net profit 50 833 --------------------------------------------------------- Equity share capital 1775 1340 --------------------------------------------------------- Reserves - 8186 ---------------------------------------------------------
Comment:
Posts net sales of Rs24301 lakh for year ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CABOT INDIA LIMITED
Article Abstract:
Cabot India Limited (CIL), formerly United Carbon India Limited, Mumbai, posted a net profit of Rs523 lakh for six months ended March 31, 1998. CIL has secured ISO 9002 certification. (gsh) ------------------------------------------------------------ Unaudited Financial Results of Cabot India Limited (Rs in lakh) ------------------------------------------------------------ Particulars 2H 1997-98 2H 1996-97 ------------------------------------------------------------ Sales 5,804 6,865 ------------------------------------------------------------ Other Income 33 23 ------------------------------------------------------------ Total Expenditure 4,869 5,251 ------------------------------------------------------------ Interest 55 224 ------------------------------------------------------------ Gross Profit 913 1,413 ------------------------------------------------------------ Depreciation & Amortisation 155 153 ------------------------------------------------------------ Taxation 235 265 ------------------------------------------------------------ Net Profit 523 995 ------------------------------------------------------------
Comment:
Secures ISO 9002 certification, & posts net profit of Rs523 lakh for 6 months ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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10% SAFEGUARD DUTY ON CARBON BLACK IMPORTS
Article Abstract:
The Government of India has imposed a safeguard duty of 10 percent ad valorem on the import of carbon black for domestic consumption. This duty is applicable up to February 28, 1999. The imposition of the duty is a big relief to the carbon black manufacturers in India like Phillips Carbon Black, Cabot India, Oriental Carbon and Chemicals and Murablack India Ltd. These companies had been hit due to dumping by Korea and other south- east Asian countries. Due to the dumping, domestic manufactures were forced to reduce prices from $470 a tonne to $300 per tonne. Now, there are 6 manufacturers in India who account for a total production of 245,897 tonnes of carbon black. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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