HEADLINES
JOBS
DISCUSS
POLICY POLICE
ARCHIVES

CMC posts results

This is against a net profit of Rs 8.713 million earned on an income of Rs 472.3 million for the corresponding period of the previous year.

T O D A Y

• Turbo switch • Philips' Net TV deal • CMC results • DoT's village phones

The corporation incurred an expenditure of Rs 644 million and provided Rs 8.6 million towards interest, Rs 18.2 million towards depreciation and Rs 14 million towards taxation.

For three quarters of the financial year, the corporation earned a net profit of Rs 41.3 million on an income of Rs 2.18 billion and an expenditure of Rs 2.04 billion.

It provided Rs 25.3 million for interest, Rs 51.4 million for depreciation and Rs 25 million for taxation for the nine-month period.

For the year ended March 1998, the corporation earned a net profit of Rs 68 million on an income of Rs 2.96 billion and an expenditure of Rs 2.73 billion.

It had spent Rs 40.5 million towards interest, Rs 70 million towards depreciation and Rs 47.5 million towards taxation.

Its paid-up capital remains the same at Rs 151.5 million.

The growth in turnover and profits of the corporation for the current financial year accounted for 26 per cent and 68.5 per cent respectively.

According to S S Ghosh, CMC chairman and managing director, the high growth rate was due to improved productivity in implementation of projects in areas such as fingerprint analysis and computerisation of stock exchanges and ports in India and abroad.

The corporation plans to focus on its education and training business in SAARC countries, Europe and West Asia.

- Compiled from the Indian media

Tell us what you think