SAIL
Article Abstract:
The Steel Authority of India Ltd (SAIL), India's largest steel manufacturing company, posted a 74.8 percent decline in its net profit at Rs133 crore in 1997-98. (gs) ------------------------------------------------------------ Financial results of Steel Authority of India Ltd ------------------------------------------------------------ Particulars Year ended March (Rs in crore) 1998 1997 ------------------------------------------------------------ Sales turnover 14,624.0 14,115.8 ------------------------------------------------------------ Operating profit 2,497.0 2,458.0 ------------------------------------------------------------ Interest 1,553.8 1,179.5 ------------------------------------------------------------ Gross profit 943.2 1,278.5 ------------------------------------------------------------ Depreciation 794.9 689.7 ------------------------------------------------------------ Pre-tax profit 149.0 603.8 ------------------------------------------------------------ Tax 16.0 76.6 ------------------------------------------------------------ Net profit 133.0 527.2 ------------------------------------------------------------
Comment:
Posts a decrease in its pre-tax profit to Rs149.0 crore in the year ended 3/98 from Rs603.8 crore in the year ended 3/97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SAIL POSTS Rs273-CR NET LOSS FOR Q3 PERIOD
Article Abstract:
Steel Authority of India Ltd (SAIL) has registered a net loss of Rs273.29 crore for the third quarter of 1998-99 compared to a net loss of Rs311 crore in the second quarter of 1998-99. The public steel major had posted a net profit of Rs30.49 crore in the third quarter of 1997-98. The company has posted a net loss of Rs890.20 crore for the first nine months of 1998-99, which will increase after the results of its wholly-owned subsidiary, Visveswaraya Iron and Steel Ltd (VISL), are incorporated. VISL has registered a loss of Rs60.26 crore in April-December 1998. SAIL's profits were affected by a 47 percent increase in interest payout at Rs526.84 crore and a 48 percent increase in depreciation at Rs289.84 crore in the third quarter of 1998-99. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SAIL LOSS ZOOMS TO Rs617 CRORE
Article Abstract:
The Steel Authority of India Ltd (SAIL) incurred a net loss of Rs617 crore in the first half of 1998-99 (net profit of Rs54 crore in the same period of 1997-98). Its sales rose by 4.7 percent at Rs6,794 crore (Rs6,487 crore). Its depreciation and interest was Rs1,415 crore (Rs1,096 crore). It incurred a loss of Rs305.90 crore in the second quarter of 1998-99 (a loss of Rs311 crore in the first quarter of 1998-99). (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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