ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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MARDIA CHEMICALS-Rise in Sales

to the employees and the plant is offered for sale independent of any commitment to the employees. MARDIA CHEMICALS Rise in Sales Mardia Chemicals, manufacturer of dyes and dye intermediates, closed the fianancial year ended March 1995 with a sales turnover of Rs 228 crore, up by 100 per cent from Rs 114 crore recorded in the previous year. Other income rose from Rs 2 crore to Rs 7 crore. Interest cost moved up from Rs 3 crore to Rs 4 crore, Provision for depreciation moved up by 49 per cent. Aided by a nil tax provision as in the previous year, the company closed the year with a net profit of Rs 37 crore, up by 85 per cent from Rs 20 crore in the previous year. The directors have recommended a dividend of 30 per cent.

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