Sharpened Competitive Edge

Sharpened Competitive Edge Hansavivek MRF (formerly Madras Rubber Factory) has turned in pleasing working results for the year ended September 1982 with higher turnover and profits. Sales have increased from previous year's Rs 93.68 crore to Rs 118.50 crore and, with margins widened, gross profit has leapt from Rs 2.68 crore to Rs 4.69 crore. Net profit has also expanded from Rs 68 lakh to Rs 228 lakh and the unchanged dividend of 15 per cent is covered fourfold against 1.22 times previously. Reserves have increased from Rs 7.90 crore to Rs 9.96 crore to stand against the share capital of Rs 3.86 crore.