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

NEW DELHI-Development without Crutches

ful marketing of Additional products, resulted in larger profits. Net sales advanced by 63 per cent, to top the Rs four- crore mark, and in line gross profit was up 61 per cent at Rs 1.18 crores. The unchanged equity dividend of nine per cent, the whole of which is exempt from tax, found a sixfold cover. Reserves have exceeded the share capital. The directors, therefore, propose to issue bonus shares in the ratio of two new shares for every five equity shares held by shareholders.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top