KCP SUGAR AND INDUSTRIES CORPORATION LIMITED
Article Abstract:
KCP Sugar and Industries Corporation Ltd of Chennai has declared its audited financial results for the year ended March 31, 1998. The company has recommended a dividend of 25 percent for 1997-98. (khr) --------------------------------------------------------- Audited Financial Results of KCP Sugar and Industries Corporation (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 18,934.19 17,545.20 --------------------------------------------------------- Other income 343.56 249.28 --------------------------------------------------------- Total expenditure 16,909.48 15,014.94 --------------------------------------------------------- Interest 1,458.44 1,404.16 --------------------------------------------------------- Gross profit after interest 2,155.30 1,238.91 --------------------------------------------------------- Depreciation 350.29 335.44 --------------------------------------------------------- Tax 400.00 300.00 --------------------------------------------------------- Net profit 1,405.01 603.47 --------------------------------------------------------- Equity share capital 1,289.30 1,289.30 --------------------------------------------------------- Reserves 4,926.30 3,875.85 --------------------------------------------------------- Earnings per share (Rs) 10.90 4.68 ---------------------------------------------------------
Comment:
Reports increase in net profit to Rs1,405.01 lakh in year ending 3/31/98 to Rs603.47 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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STATE DRAWS UP PLAN REVIVAL OF DEVE SUGARS
Article Abstract:
The Government of Karnataka is to evolve a financial package to revive Deve Sugars Ltd (DSL) of Shimoga, a sick company. DSL has secured dues of Rs21 crore and unsecured debts of Rs4 crore. The Government will have to invest around Rs20 crore on re-starting and modernisation of the plant of DSL. The DSL plant will also need capacity expansion, setting up of a cogeneration plant or a distillery unit to make it viable. DSL employs over 700 employees. (ag)
Comment:
Government of Karnataka is to evolve financial package to revive this co which is sick company
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DEVE SUGAR STOCK EXPECTED TO FETCH Rs3.7 CRORE
Article Abstract:
Deve Sugars Limited of Shimoga is expected to earn Rs3.7 crore from the sale of around 44,500 bags of sugar which was lying in the unit's godown for nearly two and a half years. The Karnataka government and State Bank of Mysore had called for tenders to dispose the sugar stocks. Four bids were received and the stocks were sold to the higher bidder, Chamumdeshwari Sugars of Mysore who bid Rs810 per bag. (gsh)
Comment:
Expects to earn Rs3.7 crore from sale of around 44,500 bags of sugar lying in the unit's godown for nearly 2 and 1/2 yrs
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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