ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Wide Product Range to the Rescue

Wide Product Range to the Rescue tionate increases in cost of production. Raw material cost increased by 13 per cent, employees cost by 18 per cent and other expenses by I5 per cent. There were spurts in interest expenses by 11 per cent and tax prbvisten by 71 per cent. Therefore, operating profits increased only nominally by 1 per cent and net profits in fact declined by 39 per cent (all an- nualised). According to the directors, there were frequent increases in the price of paper, one of the key inputs for laminates. The prices of the finished goods could not fully absorb the escalation in the costs of inputs. These problems were compounded by the unscheduled power cuts which severely affected production.

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