Wipro Widens List Of Targets For Takeover

McDowell & Co Ltd has posted a net profit of Rs 5.5 crore during the first quarter of 1999-2000 compared with Rs 4.8 crore during the same period in 1998-99. Net sales also shot up to Rs 244.30 crore (Rs 215.50 crore), a company press statement said. The company's gross profit for the period ending June 30, 1999, grow to Rs 11.20 crore compared with Rs 9.6 crore during the same period last year. Profit before tax rose to Rs 8.7 crore compared with Rs 7.4 crore. For the year 1998-99, McDowell's posted a net profit of rs 18.80 crore, while its net sales was Rs 908.80 crore during the same period. description" content="The net profit of Escorts Ltd has vaulted 39.8 per cent to Rs 30.80 crore for the first quarter of thecurrent financial year (April-June 1999) from Rs 22.02 crore in the corresponding quarter of the last financial year. The company had recorded a net profit of Rs 84.17 crore in the whole of 1998-99. Gross sales in the quarter under review has grown to Rs 364.76 crore from Rs 281.53 crore in the corresponding quarter of last year, while total expenditure has risen to Rs 276.81 crore (Rs 213 crore)."