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

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In the Capital Market

of land, buildings, plant and machinery at Thane, Ghaziabad and Cochin units, mostly created prior to 1975, as also at the Madras unit, net value of these assets has been increased by Rs 9.33 crore as per the reports of surveyors. The amount has been transferred to Revaluation Reserve Account, STP, formerly Shalimar Tar Products, has completed 50 years of its career and in commemoration of the event the directors have recommended issue of bonus shares on a one-for-one basis as also an extra 5 per cent dividend over and above the usual 15 per cent. The company has shown good results for the year ended July 1986 with a gross profit of Rs 81 lakh against Rs 44 lakh in the previous year following increase in sales from Rs 19.78 crore to Rs 24.02 crore. These figures also reflect increase in margins. Net profit is Rs 36 lakh (Rs 28 lakh). The enhanced distribution is covered 4 times by earnings, as in the previous year.

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