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

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CADBURY INDIA-Growing Market

EPW Research Foundation CHEMPLAST SANMAR Higher Sales CHEMPLAST SANMAR, a Sanmar group company and one of the leading players in the domestic poly vinly chloride (PVC) market, closed the financial year ended March 1996 with a sales turnover of Rs 380 crore, up by 32 per cent from Rs 288 crore recorded in the previous year. Other income was up by 10 per cent. Interest costs rose by 87 per cent. Provision for depreciation was up by 211 per cent while that for tax was down by 42 per cent. The company ended up with a net profit of Rs 68 crore, a rise of 106 per cent from Rs 33 crore recorded in the previous year. The company has issued a bonus of 2:3 and recommended a dividend of 40 per cent for the year under review. The satisfactory performance according to P S Jayaram, executive director (finance), is attributable to "the substantial savings in input costs by judicious purchase of imported feedstock and lower prices of molasses, higher price realisations of products and the profitable operations of the shipping business" The PVC division recorded production and sales of 43,351 million tonnes and 43,773 million tonnes. Revival in international caustic prices led to higher realisations for the caustic chlor division. The realisations at the solvent division were higher than in the previous year.

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