SHREE CEMENT LIMITED

Article Abstract:

Shree Cement Limited (SCL) at Beawar in the Ajmer district of Rajasthan has announced its audited financial results for the year ended June 30, 1998. SCL sold 1,797,000 tonnes of cement during 1997-98 despite sluggishness in the Indian cement industry. (ag) ------------------------------------------------------------ Shree Cement Limited: Audited Financial Results (in Rs lakh) ------------------------------------------------------------ Particulars Accounting year Accounting Period ended June 30,98 ended June 30,97 (12 months) (15 months) ------------------------------------------------------------ Sales & income 35,749.92 26,255.15 ------------------------------------------------------------ Total expenditure 29,737.90 20,821.91 ------------------------------------------------------------ Profit before interest depreciation & taxation 6,012.02 5,433.24 ------------------------------------------------------------ Net interest 3,992.10 719.78 ------------------------------------------------------------ Gross profit after interest but before depreciation & taxation 2,019.92 4,713.46 ------------------------------------------------------------ Depreciation 1,114.54 907.38 ------------------------------------------------------------ Provision for taxation 51.28 252.00 ------------------------------------------------------------ Net Profit 854.10 3,554.08 ------------------------------------------------------------ Equity Capital 3,483.72 3,483.72 ------------------------------------------------------------ Reserves excluding revaluation reserve 15,573.14 14,719.04 ------------------------------------------------------------ Earnings Per share (Rs) 2.45 9.44 ------------------------------------------------------------

Comment:

Posts net profit of Rs854.10 lakh for accounting year ended 6/30/98

Article

SHREE CEMENT's THIRD QUARTER SALES AT Rs115 CR

Article Abstract:

Shree Cement, a member of the BG Bangur group, has posted sales of Rs115.1 crore for the quarter ended December 31, 1998 (Rs72 crore for the quarter ended December 31, 1997). It recorded gross profit of Rs7.5 crore(Rs3.9 crore in December 1997). Its net profit has gone up to Rs1 crore (Rs86 lakh). (gs)(psr)

SHREE CEMENT LIMITED: FINANCIAL RESULTS

Article Abstract:

Shree Cement Ltd of Beawar in Rajasthan has declared its unaudited financial results in the quarter ended December 31, 1998. (khr)

Comment:

Shree Cement Ltd of Beawar in Rajasthan has declared its unaudited financial results in the quarter ended December 31, 1998.