Thirumali Chemicals posts Rs 11 cr H1 net: Thirumalai Chemical has reported a net profit of Rs 11.39 crore during the first half of the currently fiscal, ending September 30, 1998. The sales turnover of the company stood at Rs 89.86 crore. A statement from the company says that the company's second-half performance has been better than the firsthalf. The government's infrastrutural spending and initiating speedy anti-dumping measures should help the company to better its results in the later half of the year. The company has already paid interim dividend at the rate of 20 per cent for the year ending March 31, 1999.

Coromandel Fertilisers net drops: The Chennai-based Muruguppa group company, Coromandel Fertilisers Ltd has registered a dip in net profit to Rs 19.85 crore in the first six months of the current financial year, against Rs 22.88 crore in the corresponding period in the last year. The company board took on record the first-half results in Hyderabad on Thursday. Sales dropped to Rs 272.67 crore from Rs 296.16 in the corresponding period last year. Gross profit before depreciation and taxes during the first half stood at Rs 31.84 crore as against Rs 36.04 crore. It has provided depreciation of Rs 5.04 crore and created provision for taxation Rs 6.95 crore.

JK Industries Q2 net at Rs 5 crore: JK Industries Ltd has declaredan interim dividend of 10 per cent on equity shares for 1998-99 and a net profit of Rs 5.2 crore for the three months ended September 30. This dividend is apart from dividend on preference shares which is on a prescribed rate, according to a release. Sales for the quarter stood at Rs 320 crore with operating profit at Rs 36.48 crore.

Best & Crompton suffers Rs 4cr loss: Polysindo group's Indian flagship Best & Crompton Engg Ltd has reported a 28 per cent rise in turnover, but made a net loss of Rs 3.78 crore for the first six months of the current fiscal year. Turnover increased to Rs 27.38 crore during April-September, 1998, from Rs 21.31 crore in the corresponding period last year. However, increase in expenditure and interest charges resulted in the company incurring losses, according to financial results taken on record by the company board in Chennai on Thursday.

Kinetic Honda Q2 sales up: The Pune-based Kinetic Honda Motors, a joint venture between Kinetic Engineering Ltd and HondaMotors, has recorded an increase in sales and seen a turnaround in profit in the second quarter compared to the first quarter of the current financial year. Sales was up from Rs 51.54 crore (first quarter) to Rs 92.49 crore and from a net loss of Rs 5.93 crore in the previous quarter to a profit of Rs 2.3 crore in the second quarter.

Interest cost was also lower at Rs 1.12 crore, against Rs 2.04 crore in the first quarter, a release said in Pune on Thursday.

Kinetic Engineering net jumps to Rs 4 crore: Two-wheeler major Kinetic Engineering Ltd has posted a 20 per cent increase in turnover and 19 per cent growth in profits in the quarter ending September 30, 1998. Gross profit rose 20.15 per cent to Rs 8.47 crore from Rs 7.05 crore. Net profit was up 19 per cent to Rs 4.05 crore, as compared with the corresponding period last year.