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

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ABMEL s Record of Growth

February 3, 1968 cent rate of growth in its turnover despite the economic recession, but margins continued to shrink owing to higher operating expenses and interest charges. Sales expanded from Rs 44.46 crores to Rs 54 crores, but gross profits were only a shade better at Rs 2.55 crores. With depreciation taking more at Rs 53 lakhs (Rs 39 lakhs) and taxes less at Rs 1.09 crores (Rs 1.26 crores), net earnings were barely Rs 2 lakhs higher at Rs 93 lakhs. Dividend of 15 per cent has been maintained on the enlarged capital; cover of earnings over dividend has slipped from 1.8 times to 1.4 times.

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