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

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SKF BEARINGS-Advanced Technology

VOLTAS Broadening Range VOLTAS' performance for the 7-month period ended March 31, 1989 has been creditable. Sales, profit after tax and earnings per share on an annualised basis have registered new peaks. In view of the merger of Volrho into Voltas, there is no tax liability. Turnover was Rs 240 crore against Rs 399 crore in the previous 12 months and gross profit is Rs 11.53 crore against Rs 18.66 crore. Net profit amounted to Rs 8.63 crore (Rs 9.70 crore). The directors have recommended a dividend of 14 per cent which on an an- nualised basis works out to 24 per cent as compared to 22 per cent paid last year. The distribution is covered 4.79 times by earnings as against 3.45 times previously. In addition, they have proposed issue of a free scrip on a one-for-two basis by capitalising Rs 6.61 crore out of the reserves.

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