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Our Bureau

Coimbatore , May 26

SUPER Spinning Mills Ltd has recorded a lower net profit for fiscal 2003-04 despite a 19 per cent growth in sales.

The net sales during the year ended March 31, stood higher at Rs 335.16 crore compared to Rs 281.02 crore the previous year. But net profit was down by 25 per cent to Rs 10.43 crore (Rs 13.99 crore).

The board has announced a 40 per cent dividend to equity share holders for 2003-04, which is 10 per cent less than last year's dividend.

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