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

A+| A| A-

UNION CARBIDE-Depressed Market

UNION CARBIDE INDIA has returned to the dividend list, after absence of a year with a 12 per cent payment for 1986 against only 5 per cent paid for 1984. The company has earned a gross profit of Rs 12.94 crore against Rs 12 12 crore in the previous year despite decline in sales from Rs 198.83 crore to Rs 172.90 crore. The profit figures have been arrived at after providing for a loss Rs 1.83 crore on retirement of trawlers against Rs 8 44 crore in the previous year for Bhopal fixed assets. With both depreciation and taxation requiring less, net profit has turned out to be Rs 5.01 crore against a mere Rs 13 lakh The proposed dividend is covered 1.28 times by earnings.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top