VIRUDHUNAGAR TEXTILE NET UP 104%, SKIPS DIVIDEND
Article Abstract:
Virudhunagar Textile Mills Ltd (VTML), Coimbatore has decided against paying a final dividend for 1997-98. It had earlier declared a 50 percent interim dividend for 1997-98 (20 percent in 1996-97). Net profit increased by 104 percent to Rs10.30 crore. Exports increased by 18 percent. (rk) ------------------------------------------------------------ Financial Performance of Virudhunagar Textile Mills Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net sales 74.28 61.75 ------------------------------------------------------------ Net profit 10.30 5.05 ------------------------------------------------------------ Exports 68.71 58.09 ------------------------------------------------------------
Comment:
Posts 104% increase in net profit to Rs10.30 crore in 1997-98 vs net profit of Rs5.05 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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VOLUMES HELP RIL OFFSET FALL IN PRICE
Article Abstract:
Reliance Industries Ltd has been able to compensate for the decline in prices to the extent of 12 percent due to a 23 percent increase in sales volumes. In the first nine months of 1998-99, the prices of Naphtha declined by 33 percent, prices of paraxylene fell by 44 percent and ethylene dichloride by 62 percent. During the period, RIL posted a 11 percent rise in sales to Rs10,947 crore (Rs9,836 crore in the first nine months of 1997- 98). It posted a net profit of Rs1,323 crore (Rs1,275 crore). (gs)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BALLARPUR IND TO PAY 10%
Article Abstract:
Ballarpur Industries Ltd has declared a dividend of 10 percent on ordinary shares for the 18 months ended September 30, 1998. This involves a dividend outgo of Rs12.84 crore including dividend tax. The company posted a turnover of Rs1825 crore for the 18 months ended September 30, 1998. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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