Bizbits

Bayer India posts loss in last quarter

MUMBAI: Bayer India has registered a net loss of Rs 93 lakh for the quarter ended March 1999. Sales were Rs 110.58 crore while other income stood at Rs 88 lakh. Total expenditure and interest were Rs 102.88 crore and Rs 6.90 crore respectively. Interest and depreciation stood at Rs 6.90 crore and Rs 2.61 crore respectively. The board has at its meeting held on April 12, approved a scheme of amalgamation of Jagat Chemicals with the company, effective January 1, 1999, subject to necessary approvals.

Camlinrecords 5.15 pc rise in profit

MUMBAI: Camlin Ltd has recorded a 5.15 per cent increase in net sales at Rs 34.15 crore for the last quarter of the current financial year against Rs 32.48 crore in the same period last year. Net profit for the period rose to Rs 58.65 lakh from Rs 28.91 crore recorded in the fourth quarter of the previous year.

Sun Earth Ceramics sales improve

MUMBAI: Sun Earth Ceramics, part of the Motwani group, has posted a 55 per cent jump in turnover at Rs 37.24 crore for the third quarter ended March 1999. Net profit during the period increased 34 per cent to Rs 4.46 crore.

TNPL comes out of the red

CHENNAI: Tamil Nadu Newsprint and Papers Limited TNPL has earned a profit after tax ofRs 13.57 crore for the year ended March 1999 as against a net loss of Rs 3.57 crore for the previous financial year. It achieved a turnover of Rs 454.60 crore, up 7.9 per cent. Interest and finance charges was marginally lower at Rs 65.80 crore Rs 67.60 crore. Gross profit afterinterest but before depreciation and taxation stood at Rs 60.94 crore Rs 39.11 crore. A provision of Rs 1.59 crore has been made for minimum alternate tax.