SOUTH INDIAN BANK POSTS 20.74-CR NET
Article Abstract:
The South Indian Bank at Thrissur has achieved a 267 percent increase in net profit to Rs20.74 crore for 1997-98. It plans to make a public issue in the second quarter of 1998-99, to increase its capital adequacy ratio (CAR) and finance its expansions. Its capital adequacy ratio is 9.40 percent. Its deposits have moved up by 30.61 percent to Rs2,738 crore. Its advances have increased by 26.78 percent to Rs1,463 crore. The bank's investments have increased to Rs1,006.13 crore from Rs823.27 crore in 1996-97. Its non performing assets are 6.16 percent of its net credit. It has declared a dividend of 28 percent for 1997-98 against 25 percent in 1996-97. (rk)
Comment:
Achieves 267% increase in net profit to Rs20.74 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
INDIAN TOY MARKET COMES OUT OF INFANCY
Article Abstract:
The Indian toys market is posting sales of Rs400-500 crore per annum now against Rs125 crore in 1993-94. Imported toys are 25-30 percent cheaper and domestic toy manufacturers are affected by the imports from China, Denmark, Switzerland and USA. China now has a 90 percent share of the Indian toy market. India imports toys worth Rs150-200 crore and exports goods worth Rs25-30 crore, chiefly to the Gulf countries. Blow Plast has collaborated with Mattel for the Leo-Mattel range, while MRF has tied up with Hasbro for Funskool. India Book House is bringing in the Tommy brand from UK and Playwell, Bluebox and Flying Dragon brands from China. (khr)
Comment:
India: Toys market is posting sales of Rs400-500 crore per annum now against Rs125 crore in 1993-94
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
FUNSKOOL POSTS 30% RISE IN NET
Article Abstract:
Funskool (India) Ltd (FIL), a toy manufacturing company, has posted 30 percent rise in its net profit to Rs2.15 crore in 1997- 98 (Rs1.66 crore in 1996-97). The company has posted a turnover of Rs19.18 crore (Rs15.01 crore). It has recommended 30 percent dividend for the year. Its exports have increased to Rs2.54 crore (Rs48 lakh). FIL is a joint venture between Hasbro Inc of USA, a leading toy manufacturing company, and MRF Ltd. (gs)
Comment:
Indian toy manufacturing company posts 30% rise in its net profit to Rs2.15 crore in 1997-98 vs Rs1.66 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: