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

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GNVFC-Higher Profits

Higher Profits Gujarat Narmada Valley Fertilisers Company (GNVFC), manufacturing chemical fertilisers and petrochemicals, closed the financial year ended March 1995 with net sales of Rs 671 crore, up by 6 per cent against Rs 633 crore in the previous year. Other income increased by 43 per cent. Total income rose to Rs 670 crore, up by 12 per cent from Rs 601 crore. Interest costs were down by 19 per cent. A marginal rise in the provision for depreciation coupled with a zero tax provision, like in the previous year, saw the company end up with a net profit of Rs 92 crore, up by 67 per cent from Rs 55 in the previous year. A dividend of 20 per cent has been declared by the directors compared to 18 per cent declared last year.

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