Profitable Import Substitution

Profitable Import Substitution Hansavivek CHLORIDE INDIA has had another year of profit growth despite many hurdles. Gross profit has jumped from Rs 7.38 crore to Rs 9,14 crore following higher sales of Rs 47.80 crore against Rs 42.76 crore in the previous year. These figures reflect enhancement of profit margins. Net profit is even better at Rs 3.48 crore (Rs 2.53 crore). Total dividend has been raised by a point to 24 per cent and is covered 1.79 times by earnings as against 1.40 times previously. The good performance has enabled further augmentation of reserves to Rs 5.88 crore to stand against the equity share capital of Rs 8.07 crore. Turnover could have been still higher but for production problems.