Upturn for Prabhat Udyog

February 17, 1968 in 1965-66 due to severe competition from Hongkong and Pakistan. Financial results show total sales Rs 12 lakhs lower at Rs 2.44 crores and gross profit Rs 1 lakh lower at Rs 17 lakhs. Out of the net profit of Rs 6 lakhs (Rs 7 lakhs), the unchanged 12 per cent equity distribution will absorb Rs 4 lakhs and the usual payment on preference and deferred shares Rs 1 lakh.