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

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ESCORTS-Corporate Restructuring

EPW Research Foundation COLGATE-PALMOLIVE (INDIA) Diversification Plans COLGATE-PALMOLIVE (INDIA), a subsidiary of Colgate-Palmolive, USA, declared a dividend of 53 per cent for 1993-94. Net sales were up by Rs 103.65 crore (23 per cent), operating profit by Rs 19.16 crore (18 per cent) and net profit by Rs 9.26 crore (19 per cent). Taxation was up by Rs 8.17 lakh (16 per cent) and interest charges by Rs 6 lakh (75 per cent), while depreciation fell by Rs 19 lakh (3 percent). Other income rose by Rs 7.86 lakh (363 per cent), while non-operating surplus fell by Rs 1.86 crore (86 per cent). Exports were up by 104 per cent and imports by 52 per cent. Long-term loans were up by Rs 44 lakh.

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