ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Bank Investments Shrink

FACT Turns Corner FERTILISERS and Chemicals has turned the corner. Shaking off a four-year-long spell of losses, FACT has earned a net profit of Rs 43 lakhs for the year to March 1967 against a loss of Rs 70 lakhs, after providing more than Rs one crore (Rs 61 lakhs) for depreciation. From 1959, when management was taken over from Sesha- saycc. to 1961. FACT declared a dividend of six per cent each year. Since 1962, it has incurred losses (except for a small profit in 1963- 64), in spite of increasing production capacity.

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