ELB Schliff (India)

during the year ended June 1988. The directors have repeated the 36 per cent dividend on the capital enlarged by a one-fdr-one bonus issue. The earnings cover for the enhanced distribution is still a hefty one at over six times as against 5.82 times previously. Turnover has amounted to Rs 61.49 crore against Rs 45.94 crore and gross profit is Rs 5.43 crore against Rs 4.56 crore These figures show contraction of gross margins.