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

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Modi Rubber, Modi Xerox, Fujitsu ICIM

MODI RUBBER Good Mileage MODI RUBBER, a Modi group company, witnessed a mixed performance during the year ended September 30, 1998. While net sales declined by 5.8 per cent the previous period being a 15-month period, figures for the two years are not strictly comparable, all percentages mentioned have been annualised for the sake of comparison, operating profit improved by 9.9 per cent over the previous year, 1996-97. A decline in interest (down 5.8 per cent) and depreciation provision (lower by 3.7 per cent) helped the company post a lower net loss of Rs 2.9 crore as compared to a net loss of Rs 24.9 crore in the previous year.

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