KOTHARI SUGARS PLANNING FINANCIAL RECAST TO STEM LOSS

Article Abstract:

Kothari Sugars and Chemicals Ltd (KSCL) of Chennai has undertaken financial restructuring and cost cutting drive following huge losses during 1997-98. KSCL's performance was hit by high sugarcane prices without a corresponding rise in the levy quota. It was also affected by a fall in the price of sugar. Its petro- chemicals business was affected by devaluation of South-East Asian currencies and the subsequent free imports. (ag) ------------------------------------------------------------ Financial results of Kothari Sugars and Chemicals Ltd ------------------------------------------------------------ Particulars 1997-98 1996-97 (Rs in crore) ------------------------------------------------------------ Sales 121.61 123.88 ------------------------------------------------------------ Other income 2.00 90.54* ------------------------------------------------------------ Expenditure 137.23 95.24 ------------------------------------------------------------ Interest 21.52 12.83 ------------------------------------------------------------ Pre-depreciation profit -35.13 16.70 ------------------------------------------------------------ Depreciation 8.75 6.15 ------------------------------------------------------------ Net profit -43.90 10.39 ------------------------------------------------------------ * : Lakh ------------------------------------------------------------

Comment:

Reports decrease in net profit of Rs43.90 crore in 1997-98, from net profit of Rs10.39 crore in 1996-97

Financial management, Kothari Sugars and Chemicals Ltd.

KCP SUGARS NET PROFIT JUMPS 132%

Article Abstract:

The net profit of KCP Sugars and Industries Corporation Ltd, Chennai, increased by 132 percent to Rs14.05 crore for 1997-98. The company has declared a 25 percent dividend for 1997-98. (vv) --------------------------------------------------------- Financial Results of KCP Sugars and Industries Corporation Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 189.34 175.45 --------------------------------------------------------- Interest 14.58 14.04 --------------------------------------------------------- Gross profit 21.55 12.38 --------------------------------------------------------- Depreciation 3.50 3.35 --------------------------------------------------------- Tax 4.00 3.00 --------------------------------------------------------- Net profit 14.05 6.03 --------------------------------------------------------- Earnings per share (Rs) 10.90 4.98 ---------------------------------------------------------

Comment:

Reports increase in net profit by 132% to Rs14.05 crore for 1997-98

KCP Sugars and Industries Corporation Ltd.

SAKTHI SUGARS NET PROFIT RISES 8%

Article Abstract:

Net profit of Sakthi Sugars Ltd increased by 8 percent to Rs10.84 crore in 1997-98 (Rs10.03 crore in 1996-97). Its net sales declined to Rs335.97 crore (Rs338.53 crore). Total expenditure is estimated at Rs250.53 crore (Rs278.02 crore). Interest charges increased by 50.50 percent to Rs62.29 crore (Rs41.39 crore) and depreciation increased by 34 percent to Rs13.66 crore (Rs10.19 crore). (gs)

Comment:

Reports increase in net profit by 8% to Rs10.84 crore in 1997-98, as against Rs10.03 crore in 1996-97

Sakthi Sugars Ltd.