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

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SU-RAJ DIAMONDS-Higher Profits

EPW Research Foundation SIEMENS New Ventures SIEMENS closed the financial year ended March 1 995 with a turnover of Rs 793 crore, up by 20 per cent from Rs 662 recorded in the previous year. Other income rose from Rs 24 crore to Rs 105 crore, a massive rise of 338 per cent. Total income rose by 31 per cent from Rs 686 crore to Rs 898 crore. Interest costs rose by 59 per cent. An 84 per cent increase in the provision for depreciation, though offset to a certain extent by an 8 per cent fall in the tax provision, took its toll on the bottom-line and the company ended with a net profit of Rs 36 crore against Rs 28 crore in the previous year, up by 29 per cent. Exports for the year under review rose by 28 per cent to Rs 87 crore, A 49 per cent increase look imports to Rs 95 crore. A dividend of 55 per cent has been declared against 45 per cent last year.

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