CIPLA-Growth in Sales

EPW Research Foundation BAYER (INDIA) New Products BAYER (INDIA) has done satisfactorily in 1993-94. Net sales were up by 5 per cent (Rs 6.66 crore), operating profit by 15 per cent (Rs 5.96 crore) and net profit by 5 per cent (Rs 59 lakh). Profit before tax fell marginally by 1 per cent. Gross profit was up by 3 per cent. Other income was up by 94 per cent (Rs 3.68 crore), while non- operating profit fell by Rs 4.36 crore. Taxation fell by 9 percent, while depreciation and interest charges were up by 26 per cent and 4 per cent, respectively. A dividend of 27 per cent was announced for the year as against 25 per cent for the previous year. Exports and imports rose by 63 per cent and 6 per cent, respectively.