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

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Arihant Fabrics

was forced to close its DMT plant twice during the year. The overall return on investment improved to 7.04 per cent during 1989-90 from 6.55 per cent in 1988-89, Despite the marginal fall in the assets utilisation ratio from 1.25:1 to 1.20: 1, there was a rise in net profit margin from 5.23 per cent to 5.89 pa cent which brought about an upswing in the rate of return on investment in 1989-90. The improvement in the return on owners' equity was nominal from 22.02 per cent to 22.15 per cent as the equity component of the company's capital was augmented through the ploughback of profits.

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