Berger Paints net up to Rs 12 crore: Berger Paints on Tuesday reported 37 per cent jump in net profit to Rs 11.72 crore for the first half ended September 30, 1998, against Rs 8.57 crore in the corresponding period last year. Net sales grew 16 per cent to Rs 172.39 crore from Rs 149.11 crore. Operating profit in the first half of this fiscal was Rs 16.82 crore, against Rs 13.65 crore last year. The results were taken on record at the company's board meeting in Calcutta on Tuesday.

HCL Infosystem Q1 net leaps to Rs 13 crore: HCL Infosystems Ltd has posted a 520 per cent growth in net profit toRs 12.5 crore in the first quarter of the current fiscal, against Rs 2 crore in the corresponding period last year. Turnover grew 47.4 per cent to Rs 207 crore, as compared with Rs 140.4 crore, a company release said.

Tata Donnelley H1 net up to Rs 5 crore: Tata Donnelley Ltd has recorded a 12 per cent rise in net profit to Rs 5.34 crore during the first half of the current year ended September 30, 1998, against Rs 4.77 crore during the corresponding period last year. Total income rose to Rs 41.59 crore from Rs 37.95 crore. Profit before tax increased 12 per cent to Rs 7.62 crore, against Rs 6.81 crore after accounting Rs 2.90 crore for depreciation and Rs 0.22 crore towards interest, a Tata Services release said.

Cheviot Q2 net loss at Rs 72.74 lakh: Cheviot Company Ltd on Tuesday reported a net loss of Rs 72.74 lakh for the second quarter to September 30, 1998. Net sales stood at Rs 7.13 crore, while gross loss was Rs 4.28 lakh. Interest burden in the second quarter was Rs 0.68 crore.During the financial year 1997-98, Cheviot reported sales of Rs 89.05 crore, a gross profit of Rs 9.16 crore and net profit of Rs 5.83 crore. However, the Budge Budge unit near Calcutta was closed due to a lock-out declared by the management from June 6 to August 27 this year.

Indo Flogates posts Rs 3 lakh profit: Indo Flogates Ltd of the SK Bajoria group has reported a profit of Rs 3 lakh on sales of Rs 6.10 crore in the quarter ended September 30, 1998. The profit in 1997-98 was Rs 25 lakh on sales of Rs 25.51 crore. The company said operations at the Kalunga works in Orissa have been affected by a strike since September 21 this year. IFGL Refractories of the same group has reported a net profit of Rs 30 lakh on sales of Rs 5.79 crore. In 1997-98, it had recorded net profit of Rs 7 lakh on sales of Rs 25.21 crore.

Sree Krishna Petroyarns information: Sree Krishna Petroyarns has informed the BSE that one equity share of Rs 10 each of Krishna Texport Industries Ltd will be allotted for everyfour equity shares held in Sree Krishna Petro Yarns Ltd. This is as per the scheme of amalgamation approved by the board of directors in its meeting held on October 16.

Sree Krishna Polyester board approval: Sree Krishna Polyester Ltd has informed the BSE that the company board of directors in its meeting on October 16 has approved the amalgamagation scheme whereby one equity share of Rs 10 each of Krishna Texport Industries Ltd will be allotted for every five equity shares held in Shree Krishna Polyester Ltd.

Krishna Texport Industries has informed the BSE that the board has approved an amalgamating package in its meeting held on October 16. As per the scheme, one equity share of Rs 10 each of Krishna Texport Industries ltd will be alloted for every four equity shares held in Shree Krishna Petroyarns Ltd and one equity share of Rs 10 each of Krishna Texport industries Ltd will be allotted for five equity shares held in Shree Krishna Polyester Ltd.

Nava Bharat Ferro Alloys board meet: Theboard of directors of Nava Bharat Ferro Alloys Ltd will meet on October 31, 1998, to take on record the company's unaudited financial results (provisional) for the quarter/half year ended September 30, 1998.