BHANDARI UDHYOG LIMITED
Article Abstract:
Bhandari Udhyog Ltd of Raichur has posted its audited financial results for the year ended June 30, 1998. The company was affected due to failure of cotton crop in Karnataka. (khr) --------------------------------------------------------- Audited Financial Results of Bhandari Udhyog Ltd --------------------------------------------------------- Particulars Year ended (Rs in lakh) 30.6.1998 30.6.1997 --------------------------------------------------------- Net sales 1779.14 2379.20 --------------------------------------------------------- Other income 45.85 39.38 --------------------------------------------------------- Total expenditure 1742.26 2302.55 --------------------------------------------------------- Interest 60.18 55.04 --------------------------------------------------------- Gross profit 22.55 60.99 --------------------------------------------------------- Depreciation 16.11 14.02 --------------------------------------------------------- Tax - 11.00 --------------------------------------------------------- Net profit 6.44 35.97 --------------------------------------------------------- Equity share capital 324.93 324.93 --------------------------------------------------------- Reserves 107.18 94.86 ---------------------------------------------------------
Comment:
Reports increase in net profit from Rs6.44 lakh to Rs35.97 lakh in year ending 6/30/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GOODRICKE GROUP BREWS STRATEGY FOR FUTURE GROWTH
Article Abstract:
Goodricke Group Ltd, involved in the tea industry, has adopted a strategy for growth. It is focusing on increasing production and quality. The price of quality tea is Rs20-25 more than that of the others. It is now considering increasing the production of quality tea. Tea produced by its units in Darjeeling is of low quality and has not fetched even the cost of its production. Goodricke Group Ltd will sell tea through auction and directly. It will also export tea. In 1998, its exports were a little over 25 percent of its total production of tea. It has also decided to revive its instant tea operations. (um/kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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