ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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HOECHST INDIA-Business Restructuring

EPW Research Foundation DUNLOP INDIA Record Turnover DUNLOP lNDlA. a member of the Chhabria group of industries, closed its financial year ended December 1994 with a record sales turnover of Rs 596.98 crore, growing by over 36 per cent over the figure for the previous 18-month period on an annualised basis. Profit before tax was Rs 12.56 crore, registering an increase of around 90 per cent over the annualised figure of Rs 8.80 crore for the previous year, It would have been higher but for an adjustment of Rs 7.02 crore made in 1994 accounts for payment of arrears of wages and bonus to employees at the Sahaganj factory. Net profit, at Rs 12.56 crore, showed a growth of 146 per cent over the annualised figure of Rs 5.1 I crore for the previous accounting period. The company has changed its accounting year thrice to eventually revert to the December 31 year- end. DU. once again emerged as a dominant player in the truck tyre sector with the average monthly sale reaching 40,000 tyres. The steep increase in profit alter tax has been attributed to revision of marketing strategics, greater attention to customer service and an improved product-mix. A dividend of 20 per cent has been declared by the directors.

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