HERO HONDA MAY GO IN FOR 1:1 BONUS
Article Abstract:
Hero Honda is likely to offer one bonus share for every share held to its shareholders. It plans to hold a board meeting on June 25, 1998 to decide on the 1:1 bonus issue. It has a share capital of Rs19.96 crore and reserves of Rs187 crore. It has projected a sales of 5.4 lakh motor cycles in 1998-89 (4 lakh units in 1997-98). Its scrip trades at Rs880-920. It posted a 50 percent growth in sales for 1997-98. Its net profit increased by 52 percent to Rs76.60 crore (Rs50.36 crore in 1996-97). (rk)
Comment:
Is likely to offer one bonus share for every share held to shareholders
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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REVVING UP FOR A SMOOTH RIDE: HERO HONDA MOTORS
Article Abstract:
Hero Honda Motors is expected to increase its market share in the motorcycle segment from 36.2 percent in 1997-98 to 37.2 percent in 1999-2000. Its earnings per share is also expected to post a compounded annual growth rate of 28.9 percent over the next three years. The company is helped by the technical alliance that it has with Honda Motor of Japan. It has been helped by the shift in the market towards four stroke technology. (khr)
Comment:
Is expected to increase its market share in the motorcycle segment from 36.2% in 1997-98 to 37.2% in 1999-2000
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HERO HONDA MOTORS TO POST GOOD RESULTS
Article Abstract:
Hero Honda Motors Ltd is likely to post a rise in net profit to Rs127 crore on a turnover of Rs1,600 crore for 1998-99. Its production is expected to raise by over 35 percent during current year. In the first quarter of 1998-99, the company has sold 113,568 vehicles (90,368 vehicles during same period in 1997-98). It has posted a net profit of Rs22.91 crore on net sales of Rs320 crore during the period. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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