G P ELECTRONICS-Margins under Pressure

depreciation and taxation. The dividend is, however, maintained at 25 per cent. Ac- cording to the directors, margins were under pressure during the year due to recessionary conditions in the market while a steep rise in interest rates increased the interest burden. Production of ethyleneamines and piperazine during the year was higher by 18 per cent at 2,530 tonnes compared to 2,141 tonnes during 1991-92. So also sales in quantity from 2,218 tonnes to 2,308 tonnes and in value by II per cent from Rs 2,326 lakh to Rs 2,580 lakh. But while operating profit improved from Rs 412 lakh to Rs 462 lakh, gross profit showed a marginal increase from Rs 223 lakh at Rs 229 lakh, and net profit went down from Rs 106 lakh to Rs 87 lakh.