Innovations Begin to Pay

Innovations Begin to Pay Hansavivek WIMCO started manufacture of matches in 1923 and is today the country's largest manufacturer. It has spread its activities too. Paper and chemicals were the earliest diversifications, based on matches. Today Wimco is also engaged in the manufacture of metal anodes, processed fruit juices and concentrates, packaging materials and machines. It is the largest exporter of epical fruit products from India and is in the forefront of farm forestry and horticulture. The company has turned in good working results for 1984 with sales, profits and margins higher than those of the previous year. Turnover has increased from Rs 75 crore to Rs 85.30 crore and gross profit from Rs 5.34 crore to Rs 8.29 crore, reflecting a significant improvement in profit margins. Although tax liability has claimed considerably more, net profit is still Rs 3.83 crore compared to Rs 2.32 crore of the previous year. Dividend has been raised by two points to 20 per cent and is covered 2.27 times by earnings against 1.52 times previously.