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Savita Chemicals: Better than expected results

Jan 28, 2000

The company imports base oil the price of which have gone up by almost 70% in the last six months. Despite this the company has reported a 32% jump in turnover and a 78% jump in the bottomline. The operating margins have also gone up substantially. It is quite possible that the company would have booked its base oil imports earlier during the year. In that case the next quarter's profits could show a dip.

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