MUMBAI, May 16: Rashtriya Chemicals & Fertilizers (RCF) has reported a net profit of Rs 75.63 crore for the year ended March 1997, marginally up from Rs 74.33 crore last year.

Net sales increased to Rs 1,284.32 crore from Rs 1,268.9 crore last year. Net profit margins were maintained at 6 per cent while operating profit margins increased marginally to 10.87 per cent from 9.9 per cent last year. Depreciation was higher at Rs 25.03 crore as against Rs 23.81 crore last year. Provision for taxation was lower at Rs 40.52 crore compared to Rs 48 crore in the previous year.

Gross profit fell marginally to Rs 141.18 crore from Rs 146.14 crore in 1995-96. Gross profit margins have fallen from 11.52 per cent to 10.9 per cent during the period.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.