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

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State Bank

Poor Profitability ORIENT PAPER AND INDUSTRIES has suffered a setback in its working during 1987-88. Its gross profit has declined from the previous year's Rs 10.35 crore to Rs 8.32 crore even though sales were only a shade lower at Rs 138.51 crore against Rs 139.85 crore. Net profit is sharply down from Rs 3.06 crore to Rs 1.18 crore. The unchanged dividend of 10 per cent is just covered by earnings as against 2.66 times previously.

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