PTL to pay 65 pc 3rd interim

Commenting on the company performance, Yash Mahajan, vice chairman and managing director, stated that quot;the improved performance has really something to do with the way we have always focussed on a customer-oriented business strategy. It is this approach that drives the improvement process of our core business. Continuing initiatives on cost trimming too have enabled the company register the margin improvement.quot;

55 interim from Swaraj: THE directors of Swaraj Engines have recommended a 3rd interim dividend of 55 per cent taking the cumulative dividend for the first three quarters of fiscal 1999-2000 to 165 per cent.

Taking advantage of enhanced capacity and stepped up schedules from Punjab Tractors, production of engines during April-December 1999 grew by 16 per cent and reached 20,314. The total revenue during the period amounted to Rs 101.90 crore against Rs 87.69 crore and earned a higher cash profit of Rs 21.62 crore against Rs 16.40 crore. The net profit amounted to Rs 13.42 croreagainst Rs 10.46 crore same period last year.