45IT Comw.bk.a.26

RNS Number:8112P
SIEL Ld
10 January 2002


Letter to Company Announcement Office 
January 7, 2002

We wish to inform you that the Board of Directors in its meeting held on
7.1.2002 has approved the Audited Accounts of the Company for the year ended
30th September 2001. 

The operations summary for the year under review is given below: 

                                                                              
            Particulars                         Year Ended         Year Ended 
                                                 30.9.2001          30.9.2000   
                                               (Rs/Million)       (Rs/Million)  
         
- Total Turnover (Net)                            4777.34            4383.34    
                                                            
- Profit before depreciation and tax               197.71              83.39    
  
- Depreciation                                     215.25             204.65    
             
- Profit before tax                              (-)17.54          (-)121.26    
             
- Tax Provisions                                     1.70                  -    
                    
- Net Profit                                     (-)19.24          (-)121.26    
             
- Surplus (deficit) in P&L A/c brought forward   (-)48.74                  -    
                  
- Investment Allowance Reserve written back             -              11.31    
              
- Debenture Redemption Reserve written back        100.35              54.62    
              
- Transfer from General Reserve                         -               6.59    
               
- Dividends                                             -                  -
     
- Transfer to Debenture Redemption Reserve              -                  -    

- Balance carried to Balance Sheet                  32.37           (-)48.74    
              
Letter from Siel Limited

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