GUJARAT GAS COMPANY-Exploiting Natural Gas

of 12 per cent while net profits showed a fall of 6 per cent, There was a steady increase in the price of natural rubber and petroleum-based raw materials. The expenses-to-sales ratio increased from 0.93:1 to 0.95:1 and this explains the squeeze on profits. However, the company increased the dividend on equity shares from 20 per cent to 40 per cent.