VARUN SHIPPING-Fleet Expansion

DUNLOP INDIA Technological Edge A CHABBRIA group company, Dunlop India saw a fall in its net sales and profitability (on an annualised basis) during 1992-93. Though net sales in 1092-93 (18-month period) rose from Rs 564.3 crore in 1991 -92 (15-month period) to Rs 660.8 crore, there was a fall in sales on an annualised basis by 2.4 per cent while operating profit fell by 35.5 per cent. The company managed to post a net profit only due to the large non-operating income during the year as also because of lower depreciation and tax provisions.