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

A+| A| A-

RHONE-POULENC-Margins under Pressure

and the recovery of the economy from recessionary conditions. RHONE-POULENC Margins under Pressure Rhone-Poulene, the multinational drug major which experienced decreased profits in 1992-93, has done well in 1993-94. Net sales increased by Rs 13.90 crore (14 per cent), operating profit by Rs 2.33 crore (45 per cent), and net profit by Rs 1.16 crore (773 per cent). Taxation absorbed Rs 2.85 crore. Depreciation went up by 54 per cent while interest charges fell by 28 per cent. Both exports and imports rose by 35 per cent and 33 per cent, respectively. An enhanced dividend of 20 per cent was declared for the year as against 18 per cent in the previous year. Debt equity ratio fell by 7 percentage points for the year and short-term bank borrowings by 4 percentage points. Both short-term and long-term loans declined. Raw materials consumed rose marginally. Earning per share was up at Rs 2.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top