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

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Japanese Connection in Paints

Japanese Connection in Paints Hansavivek GOODLASS NEROLAC PAINTS has turned in better working results for 1985-86. Turnover, profits and margins are all higher compared to the previous year. This outcome has been possible with a change in product mix and control on costs. Gross profit has increased from Rs 2.28 crore to Rs 3.13 crore following rise in sales from Rs 59.62 crore to Rs 68.75 crore. Although tax liability has taken away more, net profit is also higher at Rs 148 lakh against Rs 97 lakh previously. The unchanged dividend of 20 per cent is covered 2.28 times by earnings against 1.50 times.

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