Dot matrix printer major TVS Electronics Limited has closed financial year 2006-07
with a turnover of Rs277.1 crore and a net profit of Rs1.9 crore as against the
previous year''s figures of Rs265.7 crore and Rs1.2 crore respectively. The board
has recommended a dividend of 7.5 per cent.
the year under review the company had sold its contract manufacturing service
business at Tumkur; Karnataka to Incap Contract Manufacturing Services Pvt. Ltd.,
a subsidiary of Incap Corporation, a Finland based company. According to director
Gopal Srinivasan, the focus will now be on introducing new products. The company
is planning to set up a manufacturing facility in Uttaranchal.