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

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JINDAL PHOTO FILMS-Higher Profits

and Weaving Mills and Modipon). While the company's net sales rose by 22.3 per cent over the previous year, operating profit rose by 12.2 per cent and gross profit rose by 93.5 per cent despite a 544 per cent rise in interest charges following a sharp increase in short-term loans. The rise in gross profit was mainly due to a non-operating profit in 1992-93 as against a loss of Rs 4.5 crore (mainly comprising arrears of depreciation) in the previous year. Further, a less than proportionate rise in depreciation charges led to a tour fold increase in net profit. Despite the sharp rise in profitability the company did not raise the dividend rate but maintained it at 10 per cent.

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