BALRAMPUR CHINI MILLS: SWEET PROSPECTS
Article Abstract:
Balrampur Chini Mills Ltd crushed about 185 lakh quintals of sugar cane in 1997-98 against 220 lakh quintals in 1996-97. It has acquired Tulsipur Sugar which will be merged with it. Its scrip is currently trading at Rs126. (khr) --------------------------------------------------------- Financial Results of Balrampur Chini Mills Ltd --------------------------------------------------------- Particulars (Rs in crore) 1997-98 1996-97 --------------------------------------------------------- Net sales 299.34 230.75 --------------------------------------------------------- Other income 5.51 2.89 --------------------------------------------------------- Total expenditure 217.56 176.85 --------------------------------------------------------- Interest 28.66 21.19 --------------------------------------------------------- Gross profit 58.63 35.60 --------------------------------------------------------- Depreciation 12.97 8.50 --------------------------------------------------------- Tax 2.70 3.50 --------------------------------------------------------- Net profit 42.96 23.60 --------------------------------------------------------- Equity share capital 18.76 18.76 --------------------------------------------------------- Reserves 140.84 108.11 --------------------------------------------------------- Earnings per share (Rs) 22.90 14.85 ---------------------------------------------------------
Comment:
Posts increase in net profit to Rs42.96 crore in 1997-98 vs net profit of Rs23.60 crore in 1996-97
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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State sugar for sale in Cote d'Ivoire
Article Abstract:
The government in Cote d'Ivoire plans to sell two sections of Sodesucre, which represent a 55% share in the sugar producing company. Each section, lot A and lot B, includes two plants. A consortium of AD and F Man and the Commonwealth Development Corporation put in the highest bid, at US$11.2 million, for lot A. SIFCA bid $24.2 million for lot B. The government plans to sell another 20% on the stock exchange, keep another 20% and sell the remaining 5% to employees. Details of other sales are discussed.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Guatemalan telecoms sale founders
Article Abstract:
Guatemala's recent attempt at telecoms privatisation has failed. It was offered $529 million for 95% of Telgua, its telecoms utility, by a consortium led by Telmex, and including France Telecom and SBC Communications. El Salvador has also started to privatize its telecoms industry, along with Nicaragua, which is attempting to sell a stake in Enitel. The electricity sector in central America is also the target of privatization.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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