Japanese Technology for Tyres

Japanese Technology for Tyres Hansavivek DUNLOP INDIA has produced vastly improved results for 1985, although it had to contend with an environment of continued surplus production capacity in most of its product lines. Better market and product mix, coupled with a tight control over expenditure helped the company to achieve these results. Sales increased from Rs 226.88 crore to Rs 271.98 crore and, with margins doubled, gross profit leapt from Rs 7.71 crore to Rs 18.55 crore. Although depreciation claimed much more and there was also a modest tax liability against nil, net profit leapt from Rs 1.99 crore to Rs 8,84 crore. Dividend has been stepped up by 5 points to 15 per cent, which is covered 3.06 times by earnings as against a mere 1.02 times previously.