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

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SUPREME INDUSTRIES-Competition Cuts into Profits

Competition Cuts into Profits THE largest plastic processor in the country, Supreme Industries saw a mixed performance during the year ended June 30,1996. While the company's net sales and value of production improved by 18.4 per cent and 17 percent, respectively, its bottomline was lower, albeit marginally, by 0.2 per cent over the previous year, 1994-95. This was largely due to the intense competition in the furniture and PVC sectors; the devaluation of the ruppee against the dollar; and the sharp drop in polymer prices, A sharp rise in operating expenses saw the company's operating profit rise by a lower 12.3 per cent during the year under review. Interest charges too shot up by 18.2 percent, while depreciation provision rose by 10.7 per cent over the same period.

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