Drought Constricts Market

Drought Constricts Market KIRLOSKAR OIL ENGINES has turned in disappointing results for 1985-86 with a trading loss of Rs 1.58 crore against a gross profit of Rs 4.68 crore made last year following decline in a sales from Rs 88.07 crore to Rs 65.20 crore. After depreciation, there is a net loss of Rs 3,44 crore compared to a net profit of Rs 1.65 crore of 1984-85. Equity dividend, which was paid at 12.5 per cent last year, as also the preference dividend have been skipped.