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

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VARUN SHIPPING-On Full Steam

profit by Rs 3.23 crore (33 per cent) and net profit by Rs 8.8 crore (33 per cent). Net profit would have been even higher but for the fall in other income Rs 38 lakh (38 per cent), non-operating profit by Rs 12 lakh (54 per cent), increase in taxation by Rs 65 lakh (72 per cent), depreciation by Rs 6 lakh (3 per cent) and interest charges by Rs 1.52 crore (39 per cent). The 35 per cent dividend has been maintained 'by the company. Exports fell by Rs 3.55 crore (63 per cent) and imports by Rs 7.9 crore (10 percent). Debt-equity ratio fluctuated from 100 per cent in 1991-92 to 120 per cent Growth in inventories was down by 12

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