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

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Impressive Turn Round

Impressive Turn Round Hansavivek MUKAND IRON AND STEEL WORKS has staged an impressive turn round in its performance during 1985-86 and has returned to the dividend list after an absence of two years. Gross profit has soared to an all-time high figure of Rs 10.29 crore from previous year's mere Rs 14 lakh following increase in sales from Rs 115 crore to Rs 214 crore. These figures reflect a substantial widening of profit margins. After depreciation, there is a net profit of Rs 5.08 crore against a net loss of Rs 3.90 crore The recommended distribution on the capita] enlarged by conversion of debentures is covered 4.80 times by earnings.

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