ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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CALICO MILLS-Closure Averted

UNICHEM Indianising Upjohn UNICHEM LABORATORIES HAS earned a lower profit of Rs 138 lakh in 1986-87 against Rs 149 lakh in the previous year despite increase in sales from Rs 32.33 crore to Rs 35,64 crore. The directors attribute the erosion of margins to increase in raw material costs, repairs and modernisation expenses, payroll expenses, power and fuel charges. Net profit is also lower at Rs 60 lakh (Rs 72 lakh) and the unchanged dividend of 20 per cent is covered 2.22 times by earnings as against 2.66 times previously. Production at Bombay, Ghaziabad and Roha units was satisfactory throughout the year. The new capsulation section at Bombay has started working satisfactorily. The company has transferred technology of pharmaceutical manufacturing to Kabul for some of its prestigious products and they have successfully started manufacturing the products under the company's tech- rjucal assistance. Export sales amounted to The Week's Companies Rs 196 lakh, an increase of Rs 87 lakh over the previous year. Export sales to Bangladesh have increased considerably during the current yean For the first time, formulations have been exported to UK.

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