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Associated Ceramics Ltd Management Discussions

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Jul 22, 2024|03:24:00 PM

Associated Ceramics Ltd Share Price Management Discussions

ASSOCIATED CERAMICS LIMITED ANNUAL REPORT 2010-2011 MANAGEMENT DISCUSSION AND ANALYSIS 1. FINANCIAL RESULTS: (Fig. in Rs.) CURRENT YEAR PREVIOUS YEAR PROFIT/(LOSS) BEFORE TAXATION 1,06,29,904 98,17,164 PROVISION FOR TAXES Current tax 39,18,287 38,58,320 Deferred Tax (6,39,289) (4,93,918) Income Tax Adjustments for Earlier Years 1,28,821 6,01,499 PROFIT/(LOSS) AFTER TAX 72,22,085 58,51,263 Brought forward from earlier years 2,98,99,690 2,40,48,427 Balance Carried To Balance Sheet 3,71,21,775 2,98,99,690 Increased by almost 50% as compared to that of the last year. There was no major increase in the profit for the year because there was substantial increase in selling expenses. 2. FUTURE PERFORMANCE: The Company is attempting to increase in its export turnover in the coming years. It is negotiating with various overseas buyers for sale of its products. The domestic market is also explored but there is stiff competition from other manufacturers.
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