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

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an increase in net sales by 11 per cent in 1993-94, but its operating profit has gone up by 243 per cent and its net profit by 38 per cent. Though other income was up by 30 per cent, its effect on net profit was nullified by the 87 per cent decline in non- operating surplus. Decrease in interest burden and depreciation by 89 per cent and 10 per cent respectively helped in holding up margins. Exports were down by 15 per cent. The company has declared a dividend of 20 per cent for the year.

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