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Raymond Synthetics posts 6.5% decline in sales - Views on News from Equitymaster

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Raymond Synthetics posts 6.5% decline in sales

Nov 1, 1999

Raymond Synthetics has posted a 6.5% decline in sales for the quarter ended 30th September 1999. The company has however managed to improve margins mainly due to better cost management and stagnant interest expenditure.

  2QFY2000 2QFY1999 Change
Net Sales 232 248 -6.5%
Other Income 4 2 71.8%
Expenditure 194 211 -8.2%
Interest 19 19 -0.5%
Depreciation 19 16 18.6%
Profit before Tax 5 5 2.2%
Tax - -  
Profit after Tax 5 5 0.0%
Net profit margin 2.2% 2.0%  


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