Ponds India New Products

Pond's (India), a company specialising in cosmetics and toilet preparations, fared well during the year ended December 31, 1997. While its net sales and value of production increased by 18.9 per cent and 16.1 per cent, respectively, the company's operating profit improved by 23,1 per cent over the previous year. Though depreciation and tax provision were higher by 18.9 per cent and 12.8 per cent, respectively, a sharp fall in interest charges (down 77.1 per cent) saw the company's net profit soar by 32.9 per cent over the same period.