Financial Daily from THE HINDU group of publications
Thursday, May 13, 2004
Financial Daily from THE HINDU group of publications Thursday, May 13, 2004 |
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Corporate Results
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Air-conditioners & Refrigerators Blue Star net up 5 pc Our Bureau
Mumbai , May 12 Blue Star has reported a 5 per cent increase in net profit, which touched the Rs. 32.55-crore mark in the last fiscal. The company's total income during the year was Rs 716.06 crore, representing a 19 per cent increase compared to its income in the previous fiscal. The board of directors of the company has recommended a dividend of Rs 9 per share, continuing its trend of declaring dividends for the last 34 years. Mr Ashok M Advani, Chairman and Chief Executive Officer of the company, said Blue Star was in the process of implementing several strategic initiatives to augment manufacturing capacity, product innovation and brand building.
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