ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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ASIAN COFFEE-Export Project

in the previous year. Although necessary provisions have taken away more, net profit is considerably higher at Rs 2.68 crore (Rs 1.72 crore). Profit margins have been enhanced despite stiff competition in the market. The directors have recommended a dividend of 22 per cent on the capital enlarged by issue of bonus shares in the proportion 1:2. The distribution is covered 3.01 times by earnings as against 3.5 rimes previously. Last year, the company had paid a dividend of 28 per cent. According to directors, turnover and profitability arc expected to increase substantially during the current year on account of the contribution from two new projects.

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