Bizbits

Bombay Dyeing profit of Rs 3.11 cr in Q3

MUMBAI: Bombay Dyeing, the Wadia flagship company, has recorded a net profit of Rs 3.11 crore for the quarter ended December 1998 on the back of higher other income. Sales stood at Rs 199.25 crore only slightly higher than expenditure at Rs 189.53 crore. Therelatively higher other income of Rs 25.26 crore propped up the bottomline. Gross profit after interest before depreciation, voluntary retirement scheme and taxation was Rs 17.23 crore for the quarter ended December 31, 1998. Interest for the period stood at Rs 17.75 crore, said a company release which did not provide figures for the previous period. Depreciation for the third quarter stood at Rs 12.97 crore while Rs 1.05 crore was provided as voluntary retirement compensation. Total revenue was Rs 224.51 crore. Paid-up equity share capital stood at Rs 41 crore. Net profit for the 9-months ended December 31, 1998 was Rs 14.27 crore on a sales turnover of Rs 647.12 crore. Other income during the period was Rs 67.58 crore.