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

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Hurt by Imports

Hurt by Imports Hansavivek COLOUR CHEM hats experienced a decline in profit margins despite higher sales during 1985-86. This, according to the directors, was due to the depressed market conditions, stiff business competition and increasing costs of operations. The company earned a gross profit of Rs 4.87 crore against Rs 4.80 crore in the previous year following a turnover of Rs 56.36 crore against Rs 52.94 crore. Net profit came to Rs 1.45 crore against Rs 1.30 crore and dividend raised by 2 points to 14 per cent was covered 1.30 times by earnings as against 1.21 times previously.

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