ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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SUNDARAM-CLAYTON-Higher Profitability

ITC Into Agribusiness ITC has shown a satisfactory performance during 1987-88 with sates of Rs 371 crore against Rs 310 crore in 1986-87 and a gross profit of Rs 51.86 crore against Rs 49.31 crore in 1986-87, Gross profit to sales turnover has marginally declined from 159 per cent in 1986-87 to 14.0 per cent in 1987-88, After necessary provisions, net profit is Rs 24,79 crore against Rs 17.44 crore in 1986-87. The directors have stepped up dividend from 30 per cent to 35 per cent which is covered 2,14 times by earnings as against 1,75 times previously.

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