KNOLL PHARMACEUTICALS: PAST GOOD DEEDS HELP
Article Abstract:
Knoll Pharmaceuticals Ltd (KPL) has announced a bonus offer for its shareholders in the ratio of 1:1. The bonus offer will increase its equity from Rs8.10 crore to Rs16.20 crore. KPL's share price has increased to Rs829 following the announcement of bonus offer. KPL produces over- the-counter drugs and formulations. The parent company has raised its stake in KPL from 40 percent to 51 percent. Sales increased by 4 percent to Rs243.83 crore for the 12 months ended December 1997. KPL has acquired a new brand Epilex. (gs) ------------------------------------------------------------ Financial Performance of Knoll Pharmaceuticals Ltd (Rs in crore) ------------------------------------------------------------ Particulars Jan-Dec 1997 Jan-Dec 1996 ------------------------------------------------------------ Sales 243.83 233.41 ------------------------------------------------------------ Total Income 255.98 248.43 ------------------------------------------------------------ Operating Profit 50.86 44.55 ------------------------------------------------------------ Interest 0.46 3.49 ------------------------------------------------------------ Depreciation 5.98 3.78 ------------------------------------------------------------ Net profit 49.96 20.47 ------------------------------------------------------------ Equity 8.10 8.10 ------------------------------------------------------------ Earnings per share (Rs) 61.60 25.27 ------------------------------------------------------------
Comment:
Announces bonus offer for shareholders in ratio of 1:1, increasing equity from Rs8.10 crore to Rs16.20 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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THE SECTORAL CURLS & CURVES BEFORE B-98: WHITE GOODS
Article Abstract:
The Consumer Electronics & Television Manufacturers Association (Cetma) has urged the government to reduce the customs duty on the colour picture tube from 30 percent to 20 percent in the 1998- 99 budget. The customs duty on consumer electronics goods, electronic home appliances and white goods including washing machines should be retained at 40 percent. An additional countervailing duty based on maximum retail price should be imposed. (gs)
Comment:
India: Consumer Electronics & TV Mfrs Assn asks cuts on customs duty on color picture tube from 30% to 20% in 1998- 99 budget
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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