ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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GARWARE-WALL ROPES-Diversification Plan

Thrust on Exports THE Bombay-based pharmaceutical company Lyka Labs has done well in 1993-94. Net sales were up by 21 per cent, operating profit by 28 per cent and net profit by 57 per cent. Margins would have been higher but for the fall in other income and non- operating profit by 30 per cent and 40 per cent, respectively. Also there was a rise in taxation, depreciation and interest charges by 16 per cent, 6 per cent and 9 per cent, respectively. While exports jumped by 164 per cent imports fell by 24 per cent. An enhanced dividend of 25 per cent was declared for the year.

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