Financial Results

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1998

Particulers	Year Ended 31/12/98	Year Ended 31/12/97
Net Sales	50049	44778
Other Income	141	216
Total Expenditure	47976	42750
Interest	1046	448
Gross Profit after Interest but before Depreciation and Taxation	1168	1796
Depreciation	420	321
Profit before Extraordinary Items	748	1475
Extraordinary Items
-Provision for contingencies written back	455	--
-Payment under Voluntary Retirement Scheme	(440)	(125)
Profit after Extraordinary Items	763	1350
Provision for Taxation	245	340
Net Profit after Taxation	518	1010
--------------------------------------------------	---------	---------
Paid up Equity Share Capital	699	699
Reserves excluding Revaluation Reserve	11142	10692

The above results were taken on record by the Board of Directors of the Company at the meeting held on 25th February 1999.

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