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

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Good Results in Trying Conditions

Good Results in Trying Conditions Hansavivek TATA OIL MILLS COMPANY (TOMCO) has turned in good results for 1983-84, although it was literally convulsed by one shock after another. Sales have amounted to Rs 135 crore against Rs 144 crore in previous year and gross profit has risen from Rs 6.04 crore to Rs 7.70 crore, reflecting enhancement of gross margins. With both depreciation and taxation requiring considerably more, however, net profit has turned out to be lower at Rs 2.28 crore (Rs 3.24 crore) with the result that unchanged dividend of 20 per cent is covered 1.69 times by earnings as against 2.44 times previously.

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