Wellwin Ind.'s sales up

Wellwin Industry has reported higher turnover and profits in the quarter ended December 31, 2000. Net sales were higher at Rs. 23.34 crores against Rs. 11.71 crores and the net profit, before depreciation and taxation at Rs. 2.96 crores againt Rs. 2.21 crores. After providing Rs. 34.10 lakhs (Rs. 30.77 lakhs) for depreciation and Rs. 25 lakhs (Rs. 20 lakhs) for taxation, the net profit has increased to Rs. 2.37 crores from Rs. 1.71 crores.

Global e-Solutions

Global e-Solutions has registered a gross turnover of Rs. 6.10 crores for the quarter ended December 31, 2000 against Rs. 23.34 lakhs for the same period in the previous year. The net profit has risen sharply to Rs. 1.40 crores from Rs. 5.55 lakhs.

For the half year ended December 31, 2000, gross sales were Rs. 11.35 crores and the net profit Rs. 2.72 crores.The company has been expanding its operations in the Indian sub-continent and the Pacific Rim has been retained by Telekom Malaysia, a leader in telecommunication industry in Malaysia to develop and deliver solutions on WAP and related services.

Dhandapani Finance

Dhandapani Finance has earned a gross income of Rs. 15.69 crores for the nine months ended December 31, 2000 against Rs. 14.48 crores. The profit before depreciation was Rs. 7.12 crores against Rs. 7.01 crores. The net profit was higher at Rs. 3.57 crores against Rs. 3.26 crores.

Deposits of the company stood at Rs. 11.89 crores as on December 31, 2000. The company enjoys the capital adequacy ratio of 27.01 per cent against 12 per cent prescribed by the RBI. In terms of section 292A of The Companies (Amendment) Act 2000 an Audit Committee was constituted, according to a company release.The company has a strong presence in the south with 33 branches. Also additional branches were recently opened in Andhra Pradesh and the company is optimistic of achieving additional volume of business through its new branches.

Maars Software

Maars Software has recorded net sales of Rs. 86.83 crores for the year ended December 31, 2000 against Rs. 63.12 crores in the same period in the previous year. Other income accounted for Rs. 1.65 crores (Rs. 2.91 crores). The net profit, after depreciation and taxation has increased to Rs. 20.58 crores from Rs. 14.67 crores.

After providing Rs. 4.48 crores (Rs. 1.51 crores) for depreciation and Rs. 1.85 lakhs (same) towards preliminary expenses, the net profit is higher at Rs. 16.08 crores against Rs. 13.02 crores. Taxation claimed Rs. 11.83 lakhs formerly. The board has recommended a dividend of 18 per cent on equity capital enlarged by the issue of bonus shares at the end of December 31, 1999.

Pentagon Global

Pentagon Global Solutions has reported a net profit of Rs. 2.32 crores for the quarter ended December 31, 2000 against Rs. 8.70 lakhs in the corresponding period in 1999-2000. Total income was higher at Rs. 8.94 crores against Rs. 1.03 crores. The gross profit, before depreciation and taxation has increased to Rs. 2.97 crores from Rs. 19.18 lakhs.

For the nine months ended December 31, 2000, the total income was Rs. 29.67 crores against Rs. 3.49 crores, the net profit before depreciation and taxation Rs. 9.25 crores against Rs. 59.58 lakhs and the profit after tax Rs. 7.77 crores against Rs. 32.90 lakhs.

Linc Pen

Linc Pen & Plastics has achieved a growth of 62 per cent in its net profit for the third quarter of the current financial year at Rs. 81.17 lakhs against Rs. 50.17 lakhs in the corresponding period in the previous year. For the nine months of the current financial year, the turnover stood higher at Rs. 35 crores against Rs. 18 crores and the profit before tax at Rs. 3.31 crores against Rs. 1.25 crores in the corresponding period in the previous year.

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