The Financial Express -- Corporate

Friday, November 28 1997

HPCL net up 15% to Rs 347 crore Hindustan Petroleum Corporation (HPCL) has recorded a 15% rise in net profit to Rs 347.05 crore for the six months ended September 30, 1997, compared with Rs 301.15 crore for the same period last year. Its gross profit was up 10% to Rs 700.35 crore from Rs 636.10 crore.
BSES first-half net up 15% to Rs 108 crore BSES, the Mumbai-based power utility, has registered a 15% increase in net profit to Rs 108.43 crore for the first half of the current financial year from Rs 94.19 crore in the corresponding period last year. Turnover was up by 15.40% to Rs 1,012.11 crore from Rs 877.06 crore. Gross profit increased to Rs 190.96 crore from Rs 159.73 crore.	Daewoo Motors cuts sales target by a half Hit by a severe slowdown in the automobile sector, Daewoo Motors India (DMIL) is set to record a turnover of Rs 800 crore this year, registering a sharp drop of 50% on its projected sales. The company achieved a turnover Rs 963 crore in 1996-97.

HPCL net up 15% to Rs 347 crore