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

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TATA OIL-Dismal Showing

GUJARAT ALKALIES High Dividend on Enlarged Capital GUJARAT ALKALIES AND CHEMICALS has recorded an increase in profitability as measured by the gross profit to sales ratio from 12.7 per cent last year to 144 per cent in 1987-88. However, net profit to capital employed only declined from 11.6 per cent last year to 7.7 in 1987-88 due to a higher provision for depreciation. In spite of this, the directors have maintained the dividend at 26 per cent on an enlarged capital.

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