Higher Turnover but Lower Profit

Higher Turnover but Lower Profit Hansavivek GUEST, KEEN, WILLIAMS has been refused government consent for purchase of 1,77,800 shares of Rs 10 each in Sankey Wheels at Rs 6.88 per share from Commonwealth Development Finance of UK on the ground that it has not been shown that the proposed investment would in the public interest. The directors are considering a further representation to government. During 1972, CKW's capital expenditure amounted to Rs 159 lakhs -against Rs 84 lakhs in 1971 and Rs 46 lakhs in 1970