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Saturday, May 08, 2004

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Corporate Results - Steel

Man Industries net increases

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MUMBAI: MAN Industries (India) Ltd, saw pipe manufacturer, has ended the year with a 213 per cent increase in net profit at Rs 39.12 crore.

Net sales for the year ended March 2004 were Rs 502 crore.

Interest burden during the year came down significantly as the company repaid some of its high cost debts. The company's board has recommended a dividend of 20 per cent.

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