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

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In the Capital Market

November 22, 1986 spite of the fact that tourist arrivals fell short of targets set by the department of tourism due to uncertain conditions in some parts of the country. The company made a gross profit of Rs 12.16 crore against Rs 11.72 crone in the previous year following a turnover of Rs 46.51 crore against Rs 41.77 crore Net profit is also higher at Rs 7.31 crore (Rs 6.84 crore). Dividend has been reduced to 20 per cent from 25 per cent paid last year, but it claims more. Even so, the distribution is covered 2.06 times by earnings as against 2 times previously.

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