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

A+| A| A-

Looking Up All Round

Looking Up All Round Hansavivek HINDUSTAN LEVER is engaged in implementing three major expansion and diversification projects in which it will be investing about Rs 27 crores. The ossein project at Taloja in Maharashtra is at an advanced stage of construction and is expected to be commissioned soon. This is expected to further increase the company's turnover. The synthetic detergents plant at Bari Brahmana in J and K stage is under construction and is expected to be commissioned early next year. Site work has started on the industrial phosphates project at Haldia. Contracts for supply of equipment and processes are being finalised, and actual construction and section work is scheduled to start in the second half of the current year. Meanwhile, the company has turned out very good results for 1975. Total sales increased by about 39 per cent to Rs 205.97 crores. Major contribution came from edible fats and other foods which recorded over 60 per cent advance, followed by soaps, detergents, and toilet preparations with 39 per cent advance, and animal feeding stuffs, chemicals, and other products with 13 per cent advance. With margins widened, gross profit jumped by 55 per cent to Rs 16.60 crores. Although tax liability has syphoned off a higher proportion of profit, net profit is still considerably higher at Rs 4.77 crores (Rs 3.43 crores), providing a better cover for the dividend stepped up from 15.5 per cent to 18 per cent. Of this, the 'immediate' payment of 9.6 per cent and the second instalment of 4.2 per cent are proposed to be paid together on July 5 this year, and the balance of 4.2 per cent a year later.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top