Sales of Lalbhai group company Atul Ltd are up 11 per cent to Rs 114 crore in the first quarter of 1999-2000. Gross profit from operations was Rs 3.7 crore from a loss of Rs 3.8 crore the previous year. The company has, however, reported a net loss of Rs 4 crore. Managing director Sunil Lalbhai said while there was an improvement in the performance of the company in the first quarter, the extent and pace have not been satisfactory. "We are nonetheless confident of a complete turnaround in this year," he added. e="description" content="">
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