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

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MATHER AND PLATT-Lower Profits

of intent by the ministry of industry to manufacture 48,000 dish washers and 30,000 micro-wave ovens per annum.
BLUE STAR Focus on Core Business The largest company in the central air- conditioning and refrigeration (AC and R) industry in the country. Blue Star has manufacturing collaborations with two of the biggest names in the international AC and R industry, York and Mitsubishi. The company manufactures the widest range of air-conditioning equipment like absorption and reciprocating chillers, coils and almost everything else in air- conditioning and refrigeration. This diver- sified company entered its golden jubilee year in 1993 and managed to exhibit a 11 per cent higher net profit on a 2 per cent higher value of production. However, a it per cent increase in remuneration to employees coupled with a 16 per cent rise in other expenses led to a 21 per cent fall in operating profit. The sharp increase in non-operating income and a 22 per cent fall in tax provision enabled the company to shore up its bottomline.

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