PRIYADARSHINI CEMENT LIMITED
Article Abstract:
Priyadarshini Cement Limited of Hyderabad has declared its audited financial results for the year ended March 31, 1998. (ag) ------------------------------------------------------------ Audited Financial Performance of Priyadarshini Cement Limited (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Gross Sales 19,406 18,962 ------------------------------------------------------------ Net sales/income from operations 14,075 13,734 ------------------------------------------------------------ Other income 98 79 ------------------------------------------------------------ Total expenditure 11,127 10,080 ------------------------------------------------------------ Interest 500 622 ------------------------------------------------------------ Gross profit after interest but before depreciation, extraordinary item & taxation 2,546 3,111 ------------------------------------------------------------ Depreciation 323 308 ------------------------------------------------------------ Extraordinary item - 194 ------------------------------------------------------------ Profit before tax 2,223 2,609 ------------------------------------------------------------ Provision for tax 750 505 ------------------------------------------------------------ Prior year tax 140 - ------------------------------------------------------------ Net Profit 1,333 2,104 ------------------------------------------------------------ Equity Capital 2,211 2,211 ------------------------------------------------------------ Reserves excluding revaluation reserves 3,508 2,613 ------------------------------------------------------------ Dividend (%) 18 NA ------------------------------------------------------------ NA = not available ------------------------------------------------------------
Comment:
Posts decrease in net profit to Rs1,333 lakh for year ended 3/31/98 vs net profit of Rs2,104 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KESORAM INDUSTRIES LIMITED
Article Abstract:
Kesoram Industries Limited (KIL), Calcutta, posted a net profit of Rs2.083.12 lakh for 1997-98. Commercial production commenced at the second unit of Vasavadatta Cement from September 1997. KIL has commissioned two captive thermal power plants of 15 mw each at its cement factory. (gsh) ------------------------------------------------------------ Audited Financial Results of Kesoram Industries Limited (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net Sales 71,533.89 60,721.00 ------------------------------------------------------------ Other Income 5,089.11 4,830.06 ------------------------------------------------------------ Total Expenditure 64,732.57 54,168.62 ------------------------------------------------------------ Interest 6,240.58 4,095.59 ------------------------------------------------------------ Gross Profit 6,086.34 7,583.01 ------------------------------------------------------------ Depreciation 4,044.22 2,987.04 ------------------------------------------------------------ Taxation 200.00 600.00 ------------------------------------------------------------ Net Profit 2,083.12 4,277.47 ------------------------------------------------------------ Paid-up equity capital 5,228.00 5,228.00 ------------------------------------------------------------
Comment:
Posts net profit of Rs2.083.12 lakh in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CHETTINAD CEMENT'S PAT FALLS 47%
Article Abstract:
Chettinad Cement Corporation Ltd of Chennai recorded a 47 percent drop in net profit for the year ended March 31, 1998. The company has a paid-up capital of Rs8.43 crore. (gsh) ------------------------------------------------------------ Financial Results: Chettinad Cement Corporation Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net Sales 211.69 207.03 ------------------------------------------------------------ Interest 30.62 22.61 ------------------------------------------------------------ Depreciation 19.89 20.52 ------------------------------------------------------------ Tax 1.30 4.60 ------------------------------------------------------------ Net Profit 11.11 20.99 ------------------------------------------------------------ The company incurred losses mainly due to a fall of Rs500 per tonne in cement prices in January 1998 and the Rs60 crore modernisation programme undertaken during the year. (gsh)
Comment:
Records 47% drop in net profit for year ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
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