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

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Obstacle Paper Chase

Obstacle Paper Chase Hansavivek WEST COAST PAPER MILLS has shown improved working results for the year ended June 1982 in spite of constraints in availability of coal, power, raw materials and a -sluggish paper market. Production of paper was 55,333 tonnes as against 52,180 tonnes in the previous year, The company sold 52,228 tonnes against 52,483 tonnes and sales fetched Rs 31.12 crore against Rs 30.69 crore. Margins improved appreciably and gross profit rose from Rs 2.05 crore to Rs 2.67 crore. With no tax liability as against Rs 22 lakh previously, net profit more than doubled to Rs 93 lakh (Rs 42 lakh). Equity dividend has been maintained at 6 per cent. This is covered 3.44 times against only 1.12 times in 1980-81. Directors state that cost of production continued to increase due to escalation in cost of various inputs such as raw materials, coal, electricity charges and other ingredients.

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