CENTURY ENKA NET CRASHES BY 75 PERCENT

Article Abstract:

In 1997-98, the net profit of Century Enka declined by 75 percent to Rs7.8 crore (Rs31.06 crore in 1996-97) on a 36 percent increase in turnover to Rs725 crore (Rs535 crore). but the gross profit of the company increased by 12 percent to Rs83.57 crore during the year. With lower profits, the company has not declared any final dividend. In November 1997, it had announced an interim dividend of Rs1.8 per equity share of Rs10. Century Enka's offtake of tyre yarn and tyre cord fabrics dropped by around 12 percent in 1997-98 compared to 1996-97. (gsh)

Comment:

Firm's net profit for 1997-98 drops by 75% to Rs7.8 crore on a 36% increase in turnover to Rs725 crore

Tire Cord & Fabric, Century Enka

---

SRF's OUTLOOK REMAINS CLOUDY

Article Abstract:

SRF, a manufacturer of nylon tyre cord, has been adversely affected by cheaper imports from south-east Asia and reduced demand from the automotive tyre segment. The company increased its profits by Rs17 crore in 1997-98, mainly due to a change in accounting related to depreciation and deferred revenue expenditure write-off. It has given a commitment to the government that it will earn up to $38 million from exports through its export oriented unit. (khr)

Comment:

Increases profits by Rs17 crore in 1997-98, mainly due to change in accounting related to depreciation, etc

Nylon Tire Cord, Nylon fibers, SRF

---

SOUTH INDIA GREW 3 PERCENT LESS TEA IN 1998

Article Abstract:

South India's tea production declined by about 3 percent to 199.21 million kg in 1998 against 204.81 million kg in 1997. The decline in the output is entirely due lower production in the tea gardens of Tamil Nadu, which produced 123.54 million kg in 1998 against 130.05 million kg in 1997. Kerala's tea output improved to 70.13 million kg from 69.35 million kg while output from Karnataka increased to 5.54 million kg from 5.41 million kg. (khr)

Other Computer Peripheral Equipment Manufacturing, Computer Display Monitors, Computer monitors

Similar abstracts:

• Abstracts: PARRY'S CONFECTIONERY NET UP 24 PER CENT NESTLE ON COURSE TO Rs1,800-Cr TURNOVER CADBURY NET TAKES 41% JUMP
• Abstracts: STATE PLANS TO DELICENSE POWER GENERATION NEW NORMS MAY FORCE MANY IPPs TO REVISE PPAs AUTOMATIC NOD FOR BIG IPP PROJECTS
• Abstracts: ORIENTAL BANK OF COMMERCE. UNION BANK OF INDIA
• Abstracts: NESTLE, EXCISE DEPT FIGHT OVER `WAFER'. 8 PERCENT EXCISE WILL HIT BRANDED TEA EXPORTS
• Abstracts: MEASURE ON LABOUR PAVES WAY FOR PSU DISINVESTMENT GOVT SCRAPS DISINVESTMENT PROPOSALS OF 3 CIL UNITS A LEAF OUT OF THE DISINVESTMENT PANEL REPORT

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.