Financial Daily from THE HINDU group of publications
Saturday, Jul 12, 2003
Financial Daily from THE HINDU group of publications Saturday, Jul 12, 2003 |
|
|
|
|
|
Corporate
-
Performance Matrix Labs announces 50 pc dividend Our Bureau
Hyderabad, July 11 THE board of directors of Matrix Laboratories Ltd (MLL), the merged entity of Matrix Labs, the Ranbaxy-controlled Vorin Labs and the Chennai-based Shriram group promoted Medicorp Technologies, which met here on Friday to take on record the audited annual accounts for the fiscal ended March 31, 2003, has recommended a dividend of 50 per cent for the year. The company informed the stock exchanges that it has allotted 25,79,435 equity shares of Rs 10 each to the members of erstwhile Medicorp Technologies and Vorin Labs in terms of the scheme of amalgamation duly approved by the High Courts of Andhra Pradesh and Tamil Nadu. As per the audited annual accounts, the turnover was Rs 417.69 crore during the year compared to Rs 104.06 crore in the previous fiscal and the net profit was Rs 75.05 crore (Rs 4.48 crore). While the balance brought forward from the previous year stood at Rs 2.26 crore, the negative balance brought forward from the amalgamating companies amounted to Rs 12.6 crore. The surplus carried to balance sheet stood at Rs 46.57 crore after deducting Rs 7.6 crore transferred to general reserve, Rs 3.59 crore towards interim dividend, Rs 6.14 crore towards proposed dividend and Rs 78 lakh tax on the proposed dividend. As against a paid-up equity capital of Rs 12.3 crore (Rs 7.19 crore), the company's reserves and surplus stood at Rs 89.26 crore (Rs 14.32 crore) as on March 31, 2003. While the secured loans amounted to Rs 116.28 crore (Rs 17.27 crore), the unsecured loans stood at Rs 14.39 crore (Rs 1.69 crore). The gross block stood at Rs 165.13 crore, while the net block amounted to Rs 135.67 crore. After adding the capital works in progress of Rs 15.38 crore, the total fixed assets of the company stood at Rs 151.05 crore.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|