Lg Electronics, Voltas In Pact For Refrigerators

Lupin Laboratories Ltd has reported a 26 per cent fall in the net profit at Rs 25.30 crore for the year ended June 30, 1999 against Rs 34.24 crore in the previous year. The company has, however, maintained the dividend at 25 per cent. It recorded a turnover of Rs 715.73 crore during 1998-99 compared to Rs 695.10 crore last year. The other group company, Lupin Chemicals has posted a 14 per cent rise in net profit to Rs 12.49 crore during the year on a turnover of Rs 110.38 crore against Rs 10.93 crore registered on the turnover of Rs 109.21 crore last year. Lupin chemicals has declared a dividend of 10 per cent for the year 1998-99. LE>