Cheer for Engineering Exports

Constraints of Size ?
FOR the tenth year in succession, Associated Cement Companies (ACQ has declared a dividend of 12 per cent for 1968-69. Yet operations during the year resulted in lower profits (gross profit was Rs 8.84 crores against Rs 9.21 crores in 1967-68 and available profit from which expansion reserve is set aside declined from Rs 1.78 crores to Rs 70 lakhs). The chairman's statement attributes the fall mainly to "uncompensated increases in costs for over two-thirds of the financial year".