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

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Conglomerate in Clover

Conglomerate in Clover Hansavivek DELHI CLOTH AND GENERAL MILLS has produced substantially better results for the year ended June 1970, with gross profit expanding from Rs 7.71 crores to Rs 14.25 crores following increase in turnover from Rs 95.95 crores to Rs 116.01 crores. Depreciation absorbed considerably more, but with no tax liability as before, net profit was Rs 8.52 crores (Rs 3.60 crores) and covered the dividend stepped up four points to 16 per cent 5.4 times. Net return on total funds employed in business came to a little over 10 per cent.

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