Higher Profit Despite Lower Sales

Higher Profit Despite Lower Sales Kumaran Pola COROMANDEL FERTILISERS' net sales were nominally down during the year ended September 30, 1990 to Rs 177.64 crore from Rs 193.63 crore during the preceding year. However, there was significant improvement in profitability as a result of various steps taken to raise efficiency in the fertiliser division and reduce losses in the cement division. The company achieved the doubling of operating profits to Rs 30.77 crore. The net loss of Rs 6.96 crore during 1988-89 was converted into a net profit of Rs 10.50 crore during the latest year.