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

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No Crutches

No Crutches Hansavivek GREAT EASTERN SHIPPING has earned the distinction of improving its profit substantially during 1985-86 although almost every shipping company both internationally and in India faced a near-crisis situation. Its operating earnings amounted to Rs 81.09 crore against Rs 65.88 crore in the previous year and other income was Rs 2.42 crore against Rs 2.14 crore. The year's outcome resulted in a gross profit of Rs 24 crore against Rs 15.15 crore and net profit of Rs 7.08 crore against Rs 1.90 crore. Dividend has been stepped up from 7 per cent to 12 per cent on the increased capital. The shares, compulsorily converted from bonds, are entitled to pro rata distribution. Earnings cover for the dividend has been enlarged from 1.06 times to 1.91 times.

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