Clariant (India) Net Up 35% To Rs 11 Cr

Clariant (India), the subsidiary of Swiss multinational Clariant, has recorded a 26 per cent growth in turnover and a 35 per cent increase in net profit during 1997-98. The earnings per share (EPS) rose 34 per cent to Rs 13. 9 against Rs 10.4 in the previous year. A 40 per cent dividend has been recommended by the board as against 35 per cent last year. While sales were up at Rs 204.69 crore from Rs 162.13 crore, net profit was Rs 11.09 crore (Rs 8.23 crore). Exports increased to Rs 39.7 crore (Rs 65.7 crore). Other income stood at Rs 2.86 crore compared to Rs 1.54 crore. Total expenditure increased 30 per cent to Rs 188.17 crore while interest was Rs 0.34 crore. A Rs 5.82 crore provision has been made for tax.