GOODLASS NEROLAC PAINTS-A Good Year

EPW Research Foundation GOODLASS NEROLAC PAINTS A Good Year GOODLASS NEROLAC PAINTS, the second largest paint firm in the country, performed well in 1996-97. While net sales and value of production improved by 17.4 per cent and 12.5 per cent, respectively, the company's operating profit improved by 23.1 per cent. Further, with interest charges and depreciation provision falling by 11.3 per cent and 11.5 per cent, respectively, net profit soared by 38.6 per cent.